Capitalist Backsliding
Illiberal Market Economies and State Capture in Central and Eastern Europe
Capitalist Backsliding
Illiberal Market Economies and State Capture in Central and Eastern Europe
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Description
Drawing on deeply interdisciplinary theoretical insights and rich empirical data, this study of illiberal market economies (IMEs) in Central and Eastern Europe brings the full complexity and broader geopolitical implications of state-captured capitalism to light.
Focusing especially on recent developments in Hungary and Poland, Rafal Riedel and Jakub Anusik critically examine the shifting dynamics between state and market under illiberal regimes, thereby challenging the mainstream “varieties of capitalism” framework by highlighting the emergence of a distinct economic model characterized by state intervention and market manipulation by political actors, including mainstream political parties. Through detailed case studies, the book illuminates how nations operating under this model have deviated from expected democratic and free-market trajectories and how this affects regional development, democracy, and integration into the global economy.
Through these discussions, Riedel and Anusik not only provide a comprehensive overview of the political and economic reforms that have contributed to the rise of IMEs, but also uncover some of the broader roots and implications of state capitalism in the 21st century. For as they show, the same shifts that led to Brexit, Trump, and other instances of “democratic backsliding” in the US and Western Europe have led to the capitalist backsliding occurring in Central and Eastern Europe, and the future development of both may be closely interlinked.
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Table of Contents
Introduction: Liberal Ideas in Illiberal Times
Part I. Liberalism, Neoliberalism, Illiberalism
1. Liberalism as Ideology, Theory, and Movement: Sources and Inspirations
2. Neoliberal Transition as the Founding Stone of Illiberal Turn
3. Making Sense of the Illiberal Backlash
Part II. Illiberal Market Economy as a (Party) State-captured Variety of Capitalism
4. (Il)liberal Democracy and (Un)democratic Capitalism
5. The Socio-economics of Illiberalism : Un-orthodoxy or a Radical Shift away from Core Principles?
6. Market – State Relations Redefined
Part III. The Rise and Fall of (Il)liberalism: Lessons from Central Europe
7. The (Post) Neoliberal Challenge in Post-communist Europe
8. Hungary: Home of the Mafia-state and Orban's Laboratory of Illiberalism
9. (Party) State Capture in Poland: Emerging on an Illiberal Path
10. Stemming the Tide of Illiberalism
Conclusion: The Journey through the Illiberal Landscape of Central and Eastern Europe
Annex
Index
Product details
| Published | 29 Apr 2027 |
|---|---|
| Format | Ebook (Epub & Mobi) |
| Edition | 1st |
| Pages | 256 |
| ISBN | 9781350536081 |
| Imprint | Bloomsbury Academic |
| Illustrations | 10 bw illus |
| Publisher | Bloomsbury Publishing |
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