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The Constitutional Protection of Capitalism (Hardcover)
Loot Price: R2,660
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The Constitutional Protection of Capitalism (Hardcover)
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In 1945 a Labour government deployed Britain's national autonomy
and parliamentary sovereignty to nationalise key industries and
services such as coal, rail, gas and electricity, and to establish
a publicly-owned National Health Service. This monograph argues
that constitutional constraints stemming from economic and legal
globalisation would now preclude such a programme. It contends that
whilst no state has ever, or could ever, possess complete freedom
of action, nonetheless the rise of the transnational corporation
means that national autonomy is now siginificantly restricted. The
book focuses in particular on the way in which these economic
constraints have been nurtured, reinforced and legitimised by the
creation on the part of world leaders of a globalised
constitutional law of trade and competition. This has been brought
into existence by the adoption of effective enforcement machinery,
sometimes embedded within the nation states, sometimes formed at
transnational level. With Britain enmeshed in supranational
economic and legal structures from which it is difficult to
extricate itself, the British polity no longer enjoys the range and
freedom of policymaking once open to it. Transnational legal
obligations constitute not just law but in effect a de facto
supreme law entrenching a predominantly neoliberal political
settlement in which the freedom of the individual is identified
with the freedom of the market. The book analyses the key
provisions of WTO, EU and ECHR law which provide constitutional
protection for private enterprise. It dwells on the law of services
liberalisation, public monopolies, state aid, public procurement
and the fundamental right of property ownership, arguing that the
new constitutional order compromises the traditional ideals of
British democracy.
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