The Politics of European Competition Regulation provides an
original and theoretically informed account of the political power
struggles that have shaped the evolution of European competition
regulation over the past six decades. Applying a critical political
economy perspective, this book analyses the establishment and
development of competition regulation at European Community and
national level since the 1950s. It puts forth the central argument
that competition regulation came to reflect the broader shift
towards a neoliberal order since the 1980s. Buch-Hansen and Wigger
argue that this shift, which took place against the background of
the gradual transnationalisation of capitalist production and the
economic crisis of the late 1970s, was driven by the European
Commission in alliance with the emerging transnational capitalist
class. The authors examine the political responses to the current
global economic crisis in the fields of state aid, cartel
prosecution and merger control and conclude that an alternative
type of competition regulation, which forms part of a much broader
transformation of the current socioeconomic order, is needed. This
book will be of interest to students and scholars of (global)
political economy, European integration and competition law.
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