By Julien Mercille, Enda Murphy
From financial institution bailouts to austerity, Europe's and Ireland's reaction to the industrial challenge has been engineered in particular to shift the load of procuring the difficulty onto traditional electorate whereas traders, financiers, bankers and the privileged are safe. The authors reveal the class-based nature of Ireland's problem answer.
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Extra info for Deepening Neoliberalism, Austerity, and Crisis: Europe’s Treasure Ireland
In Whitaker’s Economic Development, for example, he foresaw that public spending on ‘social infrastructure’ would decline in line with moves towards facilitating industrialisation. This reconfiguration of public expenditure targets is striking because during the aftermath of World War II there was a growing recognition in the West of the need for a social contract, a compromise, between capital and labour. In Europe and neighbouring Britain this became manifest in the establishment of the welfare state and through state provision of essential public services more generally such as health, education, and infrastructure services.
These roads to neoliberalisation are shaped by successive ‘waves’ of regulatory restructurings at various spatial scales whose effects vary from one location to another, and which in turn influence the transformations brought about by neoliberalism. Subsequent chapters explain how global, supranational (EU) and national (Irish state) institutions, actors and processes have all influenced Irish neoliberalisation. The variegated capitalism framework builds on the three other approaches and seeks to strike an analytical balance between, on the one hand, paying attention to the diversity and unevenness of neoliberalism across time and space, and, on the other hand, framing such differentiation within broad, macro-institutional forces that underpin neoliberalism.
The social networks thus created and strengthened surely constitute one positive and hopeful consequence of the last few years. However, it is also undeniable that power and capital have been able to re-assert themselves to a significant degree. This will be discussed in the remainder of the book. 3 Encountering Neoliberalism Understanding neoliberal encounters This chapter identifies Ireland’s most significant encounters with neoliberalism, up until the current crisis. We maintain that there is sufficient evidence to suggest that the historical evolution of neoliberalisation processes conforms, to a large extent, to the template laid down in Chapter 2.