Authoritarian Neoliberalism in Europe: The Red Herring of Ordoliberalism

Abstract

Europe has seen increasing steps taken to try to insulate economic decision-making from democratic influence. However, this trend, while in line with the foundation charters of ordoliberalism, is by no means confined to Europe or to ordoliberalism. Significant and ongoing attempts to preclude the population from influencing economic policy are global in nature and are characteristic of all forms of neoliberalism and of capitalist governance more generally. Structural adjustment in the Global South in the 1980s and 1990s provides a more helpful model for how the crisis has been responded to in Europe than the often Eurocentric conceptions of (and specious claims made for) ordoliberalism.