Developing authoritarian capitalism: the global capitalist fantasy of authoritarian modernization

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Chapter 5 in Authoritarian Capitalism in the Age of Globalization, 2023, pp 65-90 from Edward Elgar Publishing

Abstract: Chapter 5: This chapter explores the current narrative of politically authoritarian capitalist development. In particular, it investigates the popular discourses that are being marshaled to justify formal and informal state and international repression in the name of a market based “modernization”? Present is a similar fantasy to that of “market despotism” described in Chapter 4. Drawing on the case studies of Singapore and Mexico, it shows how states increasingly rely on a utopian fantasy of economic and political development, associated with marketization and democratization, respectively, that justifies a monopoly of power and quite oppressive popular rule. They do so, moreover, through publicly trumpeting the unique possibilities and challenges they face as “developing countries” in a globalizing world.

Keywords: Business and Management; Economics and Finance; Law - Academic; Politics and Public Policy (search for similar items in EconPapers)
Date: 2023
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