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A Permanent CrisisLiberalism: The Financial Sphere Does Not Practice What It Preaches

A Permanent Crisis: Liberalism: The Financial Sphere Does Not Practice What It Preaches [This chapter analyses how the financial sector contradicts liberal doctrine principles through anti-democratic dynamics and illustrates that this sector does not practice what it preaches. Prof. Chesney denounces the financial oligarchy’s powerful lobbying practices and outrageous compensation schemes and calls attention to exorbitant global debt levels and their consequences.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Permanent CrisisLiberalism: The Financial Sphere Does Not Practice What It Preaches

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Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG 2018
ISBN
978-3-030-00517-7
Pages
37 –51
DOI
10.1007/978-3-030-00518-4_3
Publisher site
See Chapter on Publisher Site

Abstract

[This chapter analyses how the financial sector contradicts liberal doctrine principles through anti-democratic dynamics and illustrates that this sector does not practice what it preaches. Prof. Chesney denounces the financial oligarchy’s powerful lobbying practices and outrageous compensation schemes and calls attention to exorbitant global debt levels and their consequences.]

Published: Oct 2, 2018

Keywords: Liberalism; Neoliberalism; Financialisation of the economy; Globalisation; Subsidies; Big banks; Ludwig von Mises; Friedrich von Hayek; Adam Smith

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