Author:
David Lane, Emmanuel College, University of Cambridge (Cambridge, UK)
Abstract:
The paper describes the main features of neoliberalism, its benefits and drawbacks, and the reasons why it should be replaced. The author’s arguments are based on a study of the strengths and weaknesses of neoliberalism. He reveals the reasons behind its popularity and identifies its main shortcomings and ways to eliminate it. The fundamental question of this study is an attempt to find a viable alternative to the neoliberal agenda and possible ways of its practical implementation in the foreseeable future. The latter requires redefining a space for alternative political and economic forms of a developed industrial society, including looking through a prism of the concept proposed by Professor S.D. Bodrunov’s: a transition to reindustrialization, greater social solidarity based on state forms of economic coordination. The paper makes a valuable contribution to the discussion by proposing a hybrid form of regulated market socialism that could be adopted by the national economies of Russia, the United States and Western Europe.
Keywords: noonomy, global transformation, contradictions of capitalism, national economy, corporate capital, reindustrialization, neoliberalism, convergence, socialization of social structure, diffusion of property.
For citation: Lane D. (2024). Global Neoliberal Capitalism and the Alternatives. Noonomy and Noosociety. Almanac of Scientific Works of the S.Y. Witte INID, Vol. 3, No. 1, pp. 15–25. DOI: 10.37930/2782-6465-2024-3-1-15-25