Neoliberalism: Superseding or Recasting of a Social Order

Georges Duménil and Dominique Levy
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Georges Duménil: PJSE - Paris-Jourdan Sciences Economiques - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique, EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique
Dominique Levy: PJSE - Paris-Jourdan Sciences Economiques - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique, EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique

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Abstract: In the analysis of contemporary capitalism, it is important to combine neoliberalism (the strengthening of the power of the capitalist class, in a new phase) and imperialism (the exploitation of peripherical countries). The contradictions of this newsocial order are numerous: first, the resistances that it fosters, then the desquilibria evident, in particular, in the United States. But imperialism at the age of neoliberalism also manifests itself in a new configuration particularly favorable to this country: the export of capitals and the financing of the US economy by the rest of the world. In the United States, this era can also be characterized by the new configuration of class alliances at the top of the social hierarchy : big capitalist owners and top managers. This consolidation manifests itself in the ongoing drift to the right, when the necessity of a compromise uniting managers and popular classes, as in the Keynesian compromise, is urgent.

Date: 2006-11
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Published in Actuel Marx, 2006, 40, pp.86-101. ⟨10.3917/amx.040.0086⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00754635

DOI: 10.3917/amx.040.0086

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