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The Logic of Discipline: Global Capitalism and the Architecture of Government



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The author of this essay argues that during the era of economic liberalization, which spanned from 1978-2008, government was reconstructed in order to meet the needs of a globalized economy. This included central banking, fiscal control, tax collection, regulation, port and airpo... Read more
Key Features
The author argues that during the era of economic liberalization, which spanned from 1978-2008, government was reconstructed in order to meet the needs of a globalized economy.
This included central banking, fiscal control, tax collection, regulation, port and airport management, infrastructure development, among others.
The author argues that a common philosophy behind these reforms was the "logic of discipline." This philosophy was based on deep skepticism about the ability of democratic processes to make sensible policy choices, and it sought to impose constraints on elected officials and citizens.
The author also argues that faith in the power of legal changes-new laws, treaties, and contracts-was a key component of the logic of discipline.
However, the author argues that the global financial crisis of 2007-2009 has caused the logic of discipline to be under assault. Critics of discipline argue that this philosophy has damaged democratic values, while proponents of discipline argue that the market has been behaving myopically and erratically and that governments should abandon precepts about the role of government that it had once insisted were inviolable.
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Features
Author Alasdair Roberts
Format Hardcover
ISBN 9780195374988
Publisher Oxford University Press, Usa
Manufacturer Oxford University Press, Usa
Description

The era of economic liberalization, spanning 1978 to 2008, is often regarded as a period in which government was simply dismantled. In fact, government was reconstructed to meet the needs of a globalized economy. Central banking, fiscal control, tax collection, regulation, port and airport management, infrastructure development-in all of these areas, radical reforms were made to the architecture of government.

A common philosophy shaped all of these reforms: the logic of discipline. It was premised on deep skepticism about the ability of democratic processes to make sensible policy choices. It sought to impose constraints on elected officials and citizens, often by shifting power to technocrat-guardians who were shielded from political influence.

It placed great faith in the power of legal changes--new laws, treaties, and contracts--to produce significant alterations in the performance of governmental systems Even before the global economic crisis of 2007-2009, the logic of discipline was under assault. Faced with many failed reform projects, advocates of discipline realized that they had underestimated the complexity of governmental change.

Opponents of discipline emphasized the damage to democratic values that followed from the empowerment of new groups of technocrat-guardians. The financial crisis did further damage to the logic of discipline, as governments modified their attitudes about central bank independence and fiscal control, and global financial and trade flows declined.

It was the market that now appeared to behave myopically and erratically--and which now insisted that governments should abandon precepts about the role of government that it had once insisted were inviolable. A sweeping account of neoliberal governmental restructuring across the world, The Logic of Discipline offers a powerful analysis of how this undemocratic model is unraveling in the face of a monumental--and ongoing--failure of the market.



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