This volume presents a radical reinterpretation of the European
Community or Union as a neo-liberal construction. It was
neo-liberal rather than classically liberal because it was designed
and used as an external instrument to weaken the interventionist
welfare state that protected working people and strengthened the
hand of labor. It was founded on the vision of a free market
untrammelled by public intervention and worked to ensure
competition, sound money and profitability against the inflationary
force of workers and unions and the welfare state. Monetary union
in particular restored profitability but produced slow growth, mass
unemployment, and insecurity and came under challenge, most
dramatically in France, by working people from below. This view is
substantiated by an economically based study of member-state
performance and complemented by a series of national studies on the
monetarist turn by leading scholars.
General
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