Jump to ContentJump to Main Navigation
Multinational Corporations and Global JusticeHuman Rights Obligations of a Quasi-Governmental Institution$
Users without a subscription are not able to see the full content.

Florian Wettstein

Print publication date: 2009

Print ISBN-13: 9780804762403

Published to Stanford Scholarship Online: June 2013

DOI: 10.11126/stanford/9780804762403.001.0001

Show Summary Details
Page of

PRINTED FROM STANFORD SCHOLARSHIP ONLINE (www.stanford.universitypressscholarship.com). (c) Copyright Stanford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in SSO for personal use.date: 15 October 2019

Multinational Corporations Between Depoliticization of the Economy and Economization of Politics

Multinational Corporations Between Depoliticization of the Economy and Economization of Politics

Unfolding the Neoliberal Paradox

Chapter:
(p.167) Chapter 5 Multinational Corporations Between Depoliticization of the Economy and Economization of Politics
Source:
Multinational Corporations and Global Justice
Publisher:
Stanford University Press
DOI:10.11126/stanford/9780804762403.003.0005

Many corporations, like General Motors, are bigger than the entire economies of small and medium-sized nations and wield a strong influence economically, politically, and socially. Neoliberals argue that corporate actions are conditioned by the market mechanism and thus obscure corporate power behind the notion of the perfect market, while (neo)realist scholars in international relations overemphasize the state's power to condition multinational corporations' (MNCs) activities in the global political economy. This chapter examines the emergence of MNCs as quasi-governmental institutions and shows that the classical liberal goal to depoliticize the economy inevitably gave rise to the reverse process of an implicit politicization of powerful corporations in the neoliberal era. This process, dubbed “the neoliberal paradox,” is an indispensable prerequisite for the rise of MNCs to political power. After discussing the depoliticization of the economy based on the program of classical liberalism, the chapter analyzes the economization of politics from the perspective of neoliberalism and the implicit politicization of the private enterprise.

Keywords:   political economy, quasi-governmental institutions, politicization, depoliticization, neoliberalism, economization, politics, neoliberal paradox, private enterprise

Stanford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.