Crisis of the Neoliberal Model; Towards Regional Planning - a Polanyian Contribution

Using Karl Polanyi’s analytical instrument, I argue that the current withdrawal of the industrialized powers and the emergence of alternative policies in Latin America are determined by the crisis of the neoliberal model. The polarity between democracy and the market, observed since the beginnings o...

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Main Author: Paula Valderrama Saud
Format: Article
Language:Spanish
Published: Facultad Latinoamericana de Ciencias Sociales, Sede Ecuador 2014-01-01
Series:Íconos
Subjects:
Online Access:https://revistas.flacsoandes.edu.ec/iconos/article/view/1214
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author Paula Valderrama Saud
author_facet Paula Valderrama Saud
author_sort Paula Valderrama Saud
collection DOAJ
description Using Karl Polanyi’s analytical instrument, I argue that the current withdrawal of the industrialized powers and the emergence of alternative policies in Latin America are determined by the crisis of the neoliberal model. The polarity between democracy and the market, observed since the beginnings of liberal capitalism, has deepened since the inter-war period due to the appearance of so-called “mass democracy.” Since that period, foreign policies of industrialized countries have derived from social conflict caused by this polarity. Current neoliberalism, which favors the limitation of democracy in favor of the self-regulating global market, is a system that contains inherent contradictions on financial and socio-political levels. These contradictions are the cause of the current crisis in the United States and the European Union, a crisis that favors the begin- ning of a new era characterized by greater regional planning and a plurality of development paths.
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spelling doaj-art-746a5712d3ce4610a7c105ac6176b93e2025-02-02T11:08:48ZspaFacultad Latinoamericana de Ciencias Sociales, Sede EcuadorÍconos1390-12492224-69832014-01-01184813915310.17141/iconos.48.2014.1214Crisis of the Neoliberal Model; Towards Regional Planning - a Polanyian ContributionPaula Valderrama Saud0Freie Universität BerlinUsing Karl Polanyi’s analytical instrument, I argue that the current withdrawal of the industrialized powers and the emergence of alternative policies in Latin America are determined by the crisis of the neoliberal model. The polarity between democracy and the market, observed since the beginnings of liberal capitalism, has deepened since the inter-war period due to the appearance of so-called “mass democracy.” Since that period, foreign policies of industrialized countries have derived from social conflict caused by this polarity. Current neoliberalism, which favors the limitation of democracy in favor of the self-regulating global market, is a system that contains inherent contradictions on financial and socio-political levels. These contradictions are the cause of the current crisis in the United States and the European Union, a crisis that favors the begin- ning of a new era characterized by greater regional planning and a plurality of development paths.https://revistas.flacsoandes.edu.ec/iconos/article/view/1214polanyicrisisneoliberalismdemocracymarketregional planning
spellingShingle Paula Valderrama Saud
Crisis of the Neoliberal Model; Towards Regional Planning - a Polanyian Contribution
Íconos
polanyi
crisis
neoliberalism
democracy
market
regional planning
title Crisis of the Neoliberal Model; Towards Regional Planning - a Polanyian Contribution
title_full Crisis of the Neoliberal Model; Towards Regional Planning - a Polanyian Contribution
title_fullStr Crisis of the Neoliberal Model; Towards Regional Planning - a Polanyian Contribution
title_full_unstemmed Crisis of the Neoliberal Model; Towards Regional Planning - a Polanyian Contribution
title_short Crisis of the Neoliberal Model; Towards Regional Planning - a Polanyian Contribution
title_sort crisis of the neoliberal model towards regional planning a polanyian contribution
topic polanyi
crisis
neoliberalism
democracy
market
regional planning
url https://revistas.flacsoandes.edu.ec/iconos/article/view/1214
work_keys_str_mv AT paulavalderramasaud crisisoftheneoliberalmodeltowardsregionalplanningapolanyiancontribution