Market-Led Reform and the Transformation of Public Goods
Publication Year: 2010
Published by: Penn State University Press
Figures and Tables
Introduction: Public Utility Reform: Problems and Perspectives
Over the past twenty-five years, extensive programs designed to encourage private participation in the provision of public utilities have been implemented globally. In Latin America, where fiscal austerity and divestiture in state-run firms became a condition for access to development loans, privatization was particularly widespread. Citing problems of corruption and inefficiency in state-owned enterprises, economists and advisors in the region promoted market solutions ...
1. Theorizing Public Goods: The Role of Organizing Principles
What is a public good? Popular understandings of the term assume a central role for the state in education, health policy, water, sanitation, and electricity, with an implicit social agreement that such goods should promote the well-being of the general populace. This is especially true in OECD (Organisation for Economic Co-operation and Development) countries, where public goods served an explicit social welfare function ...
2. ‘‘For the People’’: Constructing the ‘‘Public’’ of Public Goods
States and communities have employed a variety of strategies for linking economic activities with desired socioeconomic outcomes. From socialism to social democracy to ‘‘embedded liberalism,’’ societies have built ‘‘cooperative institutions’’ to protect people ‘‘from market forces, exploitation, and domination’’ (Chase-Dunn 2002, 50). In both the developed and the developing world, examples of institutions that ‘‘embed’’ economies can be found ...
3. ‘‘Over Our Dead Bodies’’: The Emergence of Privatization Policies
The institutional arrangements discussed in chapter 2 did not arise spontaneously from programmatic theories of public goods management but rather emerged from struggles and compromises over ownership, control, and design of essential resources sectors. Likewise, challenges to interventionist states after 1980 did not arise from an amorphous ‘‘globalization’’ but from purposeful alterations in the structure and regulation of global markets ...
4. The Institutionalization of Market-Led Public Goods Provision
Why and how privatization and other market-oriented policies emerged, as discussed in chapter 3, raises questions about the effect of these policies. If they were not simply sensible solutions to terrible crises proposed by neutral technocrats, then what kinds of solutions were they? The empirical record reveals that the indiscriminant transfer of marketization policies ...
5. Power, Resistance, and Neoliberalism as Instituted Process
So far, I have discussed neoliberalization in terms of three related processes: the creation and dissemination of new norms and ideas (chapter 3), retrenchment (chapter 4), and market-oriented state building (also chapter 4). This chapter reviews the power relations and struggles over values at the root of this neoliberal economic and political project. ...
Conclusion: Market Transformation of Public Goods
The main theoretical insight of this book is that multiple principles underlie public goods provision and that in order to provide public goods in ways that respond to these multiple ethics (including human rights and environmental sustainability), values other than cost and market efficiency must be included in conversations about reform. The main empirical finding is that neoliberal policymaking of the past thirty years did not adequately incorporate these multiple ethics ...
Appendix: Methodological Notes
Page Count: 256
Illustrations: 3 charts/graphs, 17 tables
Publication Year: 2010
OCLC Number: 779850777
MUSE Marc Record: Download for Limiting Resources