Authoritarian Capitalism in the Age of Globalization
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Authoritarian Capitalism in the Age of Globalization

Peter Bloom

Exploring the rise of authoritarian capitalism, this book offers a fresh perspective on politics and economics in the present age of globalization. It asks the crucial question of whether individuals and nations can break free from the ‘grip’ of authoritarian capitalism in the twenty-first century. Peter Bloom includes a detailed and in-depth analysis of how marketization is promoting political authoritarianism across the world. He tells a story of authoritarian progress – where capitalist prosperity can only be delivered by the coercive rule of ‘self-disciplining’ nations and ‘disciplining’ trans-national institutions – and in which capitalist sovereignty is replacing liberal and social democracy. In doing so, Bloom helps readers rethink the structural as well as discursive role of sovereign power within capitalism, showing the ways the free market relies upon a range of authoritarian political fantasies not just for its growth but its very survival.
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Chapter 2: Fantasizing authoritarian capitalism: a brief history

Peter Bloom

Abstract

This chapter looks specifically at how economic globalization is helping to produce a similarly globalizing political authoritarianism. What are the specific discourses associated with contemporary globalization that creates the conditions for wide-ranging forms of despotism and political repression? Specifically, how are these processes producing rather appealing capitalist fantasies of political authoritarianism nationally. It investigates these concerns through providing a theoretical and historical overview of this relationship of capitalism to authoritarianism.

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