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A Theory of the Neoliberal Global State

  • Bonanno A
  • Bonanno A
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Abstract

This chapter proposes a theory of the neoliberal stateStateunder global neoliberalismGlobal Neoliberalism. It opens with an analysis of the theories of the state proposed by Hayek, Friedman, and Becker. This analysis is followed by an illustration of the limits of the neoliberal theory of the stateStatethat stresses its realistRealist Theorycomponent, its inability to account for the continuous intervention of the state, and the issues raised by the debate on the role of the state under globalization. This now copious literature is also reviewed. The remaining part of the chapter illustrates the book theory of the state under neoliberalism. It stresses the emergence of supranational and global forms of the state and contends that their existence is problematic not only because of their embryonic status but also because of the discrepancy between the evolution of the global economyGlobal Economyand the less developed global polity. In this context, two structural problems assume relevance. First, the global state depends on the nation-stateNation-statefor the acquisition of resources and the appointment of its officialdom. Second, these forms of the state tend to be undemocratic. It is concluded that the consequences associated with this overall situation represent components of the crisis of system integrationSystem Integrationof global neoliberalismGlobal Neoliberalism.

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Bonanno, A., & Bonanno, A. (2017). A Theory of the Neoliberal Global State. In The Legitimation Crisis of Neoliberalism (pp. 147–182). Palgrave Macmillan US. https://doi.org/10.1057/978-1-137-59246-0_6

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