€-Vision

Commentary & analysis with a focus on European economic policy

Pages

  • About Andrew Watt
  • Contact
  • Media and videos
  • Privacy Policy
  • Publications

Search

€-Vision

RSS Feed RSS - Posts

Powered by Genesis

The left-sovereigntist fantasy: A response to William Mitchell and Thomas Fazi

October 24, 2017 by andrew36 Leave a Comment

William Mitchell and Thomas Fazi (WM/TF) have written a piece that – under the presumptuous title of Everything you know about neoliberalism is wrong – offers a critique of the idea that nation states need to pool sovereignty in order to enact progressive policies and makes a plea for a “progressive emancipatory vision of national sovereignty”.  It has attracted some favourable attention, not least from colleagues at Eurointelligence. I consider that unfortunate, for the analysis fails, in my view, in both goals. It does not convincingly discredit the view that pooling sovereignty is a sensible response to the constraints imposed by globalisation. Nor does it make the case for a specifically left-wing strategy of enhanced national sovereignty, traditionally the mantra of the hard right, that might endear it to progressive politicians and academics.

The article alone would not necessitate a response: I am well aware that textual analyses do not make racy reading. But given the increasing hold of such ideas on parts of the European Left – some elements of which are taking positions indistinguishable from the extreme right – while social democracy is visibly searching for new ideas, the arguments made are important and a critical analysis is in order.

The piece starts with a statement of what the authors see as the “conventional wisdom” (to be debunked), namely that globalisation undermines national sovereignty and therefore “our only hope of achieving any meaningful change is for countries to ‘pool’ their sovereignty together and transfer it to supranational institutions (such as the European Union) that are large and powerful enough to have their voices heard, thus regaining at the supranational level the sovereignty that has been lost at the national level”. That is a clear and accurate statement. What, according to WM/TF, is wrong with it? [Read more…]

Filed Under: Analysis Tagged With: depoliticisation, EU, globalisation, national sovereignty, nationalism, neoliberalism, Social Europe, soveeignty pooling, sovereigntism, Thomas Fazi, William Mitchell

Recent Posts

  • Brexit, the personal and the political
  • Macron and Kramp-Karrenbauer: vive la difference!
  • The UK after the draft agreement with the EU27
  • A balanced wage policy is not what it seems
  • Output growth less important than structure for the environment
  • Is the troika responsible for the Greek fire tragedy?
  • Debt rescheduling and the power of exponential growth
  • Merkel and Macron in Meseberg
  • Analysis of the proposal „A constructive approach to Euro Area reform“
  • Unemployment in the Euro Area passes a milestone

Archive

Categories

Tags

Apple austerity Brexit ECB economic governance economic policy elections Emmanuel Macron EMU ESM EU EU Commission euro Euro Area Eurogroup European Commission Eurostat fiscal capacity fiscal policy France GDP Germany globalisation Greece Guardian inequality inflation interest rates Ireland Jean-Claude Juncker Juncker Leave Macron Merkel neoliberalism public spending Pulse of Europe QE race to the bottom Remain Schäuble tax competition UK UK referendum unemployment

Links to content I am involved in

  • My articles on Social Europe
  • IMK (EN pages)
  • iAGS - independent Annual Growth Survey
  • FMM - Research Network Macroeconomics and Macroeconomic Policy
  • Hans-Böckler Stiftung

Recommended links

  1. Mainly macro (Simon Wren-Lewis)
  2. Paul Krugman
  3. econoblog101 (Dirk Ehnts)