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 TsakovaSubject(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.
Journal: Икономически изследвания
- Issue Year: 2023
- Issue No: 2
- Page Range: 42-58
- Page Count: 17
- Language: English