Consequences of Global Firm Domination in the Post-Democratic European Union (and Its Member States) Cover Image

Consequences of Global Firm Domination in the Post-Democratic European Union (and Its Member States)
Consequences of Global Firm Domination in the Post-Democratic European Union (and Its Member States)

Author(s): Ivka Tsakova
Subject(s): Economy, Business Economy / Management
Published by: Институт за икономически изследвания при Българска академия на науките
Keywords: European Union; Post-democracy; New public management; Neoliberalism; global/giant firms

Summary/Abstract: The article analyses the crisis situation in the EU today, caused by the dominating influence of big companies and banks in public affairs on national and European levels in post-democracy (C. Crouch). In light of the political-economic and critical approach, the article analyses the power of global firms as a main factor in the New public management (NPM) during the current neoliberal capitalism. The post-democratic consequences by the implementation of the NPM in the EU and its member states are: a) emptying political institutions of their democratic content; b) defective market economy due to existing monopolies, and c) attempts to privatisation of civil society. The conclusion comprises some ideas for the rehabilitation of politics and its democratisation.

  • Issue Year: 2023
  • Issue No: 2
  • Page Range: 42-58
  • Page Count: 17
  • Language: English
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