The triumph of broken promises

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A powerful case that the economic shocks of the 1970s hastened both the end of the Cold War and the rise of neoliberalism by forcing governments to impose austerity on their own people.

Why did the Cold War come to a peaceful end? And why did neoliberal economics sweep across the world in the late twentieth century? In this pathbreaking study, Fritz Bartel argues that the answer to these questions is one and the same. The Cold War began as a competition between capitalist and communist governments to expand their social contracts as they raced to deliver their people a better life. But the economic shocks of the 1970s made promises of better living untenable on both sides of the Iron Curtain. Energy and financial markets placed immense pressure on governments to discipline their social contracts. Rather than make promises, political leaders were forced to break them.

In a sweeping narrative, The Triumph of Broken Promises tells the story of how the pressure to break promises spurred the end of the Cold War. In the West, neoliberalism provided Western leaders like Ronald Reagan and Margaret Thatcher with the political and ideological tools to shut down industries, impose austerity, and favor the interests of capital over labor. But in Eastern Europe, revolutionaries like Lech Walesa in Poland resisted any attempt at imposing market discipline. Mikhail Gorbachev tried in vain to reform the Soviet system, but the necessary changes ultimately presented too great a challenge.

Faced with imposing economic discipline antithetical to communist ideals, Soviet-style governments found their legitimacy irreparably damaged. But in the West, politicians could promote austerity as an antidote to the excesses of ideological opponents, setting the stage for the rise of the neoliberal global economy.

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The Triumph of Broken Promises

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Communist and capitalist states alike were scarred by the economic shocks of the 1970s why did only communist governments fall in their wake fritz bartel argues that western democracies were insulated by neoliberalism while austerity was fatal to the legitimacy of communism democratic politician Uiterlijk 6 december in huis .. MEER INFO

Left Behind

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A financial times best book of 2024 the world renowned economist offers a ground breaking new vision for inclusive prosperity left behind places can be found in prosperous countries from south yorkshire integral to the industrial revolution and now england s poorest county to barranquilla onc Direct beschikbaar .. MEER INFO

The Selected Works of Edward Said, 1966 - 2006

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the renowned literary and cultural critic edward said was one of our era s most provocative and important thinkers this comprehensive collection of his work draws from across his entire four decade career including his posthumously published books making it a definitive one volume source sa Direct beschikbaar .. MEER INFO

Taal: en

Bindwijze: Ebook

Oorspronkelijke releasedatum: 09 augustus 2022

Ebook Formaat: Adobe ePub

Illustraties: Met illustraties

Hoofdauteur: Fritz Bartel

Hoofduitgeverij: Harvard University Press

Lees dit ebook op: Desktop (Mac en Windows)

Lees dit ebook op: Kobo e-reader

Lees dit ebook op: Android (smartphone en tablet)

Lees dit ebook op: iOS (smartphone en tablet)

Lees dit ebook op: Windows (smartphone en tablet)

Studieboek: Nee

EAN: 9780674275812

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