Beyond neoliberal capitalism: The political alternatives

Abstract

The article discusses the crisis of neoliberal capitalism and the alternatives that open from it. In order to do so, it proposes a contrast between two ways of coordinating the institutions of capitalism-economic liberalism and developmentalism-and the concept of a “class coalition” to understand the different modes of its social and political support. As part of the contrast has in view the historical fact of globalization, the text submits it to a critical revision, to accentuate its geopolitical dimension. This allows us to analyze, in a way that the authors consider more interesting, the crisis of developmental capitalism in the post-war “golden years” and the reasons for the advent of neoliberal rule. Finally, taking into account the emergence of a regressive alternative to the contemporary crisis-the so-called “right populism”-the article examines the possibilities and limits of a developmental, democratic and social alternative compatible with the globalization process.