Slow Growth, Destructive Competition, and Low Road Labor Relations: A Keynes-Marx-Schumpeter Analysis of Neoliberal Globalization

@inproceedings{Crotty2000SlowGD,
  title={Slow Growth, Destructive Competition, and Low Road Labor Relations: A Keynes-Marx-Schumpeter Analysis of Neoliberal Globalization},
  author={James Crotty},
  year={2000}
}
This paper argues that institutions and policies deeply embedded in neoliberal structures have created conditions that make it difficult for large nonfinancial corporations to operate effectively. Important globally-contested industries are understood to be "natural oligopolies" that require what Schumpeter called "corespective competition" to function efficiently. However, neoliberal globalization has slowed global aggregate demand growth and lowered cross-border barriers to competition… CONTINUE READING

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