Neoliberalism and Social Democracy
The financial crisis seemed to present a fundamental challengeto neo-liberalism, the body of ideas that have constituted thepolitical orthodoxy of most advanced economies in recent decades.Colin Crouch argues in this book that it will shrug off thischallenge. The reason is that while neo-liberalism seems to beabout free markets, in practice it is concerned with the dominanceover public life of the giant corporation. This has beenintensified, not checked, by the recent financial crisis andacceptance that certain financial corporations are ‘too bigto fail'. Although much political debate remains preoccupied withconflicts between the market and the state, the impact of thecorporation on both these is today far more important.
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