Variegated Neoliberalism: EU varieties of capitalism and International Political Economy

Variegated Neoliberalism shows how one dominant financial system within Europe came to collapse and evaluates the role of large banking groups which presented political'”economic projects to public institutions arguing that what benefited them also meets the social needs of others.In reality, their solutions create more problems than they solve. The author suggests that whilst resistance and change is necessary, this goal is complicated by academic accounts which overestimate the power of these agents. Macartney asserts that a more sophisticated understanding than transnational ' national separation is required and pervasive varieties of capitalism accounts are also seemingly unhelpful if resistance is the goal.This book argues the ability for financial elites to impose their projects is limited by the fragility of their consensus on what course of action best suits their interests. The book demystifies the process of neoliberalization, utilizing views from transnational historical materialism and neo-Gramscian IPE. An analysis of three transnationally oriented capital fractions in three key European states shows how neoliberal policies are created.Variegated Neoliberalism will be of interest to students and scholars of International Political Economy, and the theories of Marx and Gramsci.