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Arias-Loyola, M. (2020) - The Morals of The Market Human Rights and The Rise of Neoliberalism
Arias-Loyola, M. (2020) - The Morals of The Market Human Rights and The Rise of Neoliberalism
Arias-Loyola, M. (2020) - The Morals of The Market Human Rights and The Rise of Neoliberalism
The morals of the market: human rights and the rise of neoliberalism. By
Jessica Whyte. London: Verso. 2019. 278pp. £19.99. isbn 978 1 78663 311 8. Avail-
able as e-book.
The world and all the social, political and productive relations contained in it
have drastically changed with the rise of neo-liberalism. The speed of change is
increasing at a vertiginous pace, as we witness how what once was considered
implausible becomes real: Brexit; riots in France, Lebanon and Chile; the largest
pandemic hitherto; and, most recently, worldwide protests sparked by the death
of George Floyd in the United States. Underlying these political processes is the
unresolved tension between the moral duty of ensuring human rights and dignity
and the economic maxims advancing neo-liberalism and endless growth. Jessica
Whyte unravels this crucial tension in a compelling, rigorous, deep and passionate
study of the morals underpinning human rights and neo-liberal markets, providing
extremely relevant insights for students, social scientists and the general public.
The book is divided into seven sections, comprising an introduction, five chapters
and an afterword. Its main premise is clear: in opposition to sanitizing accounts that
portray neo-liberalism as a pure economic argument, Whyte demonstrates that it
has been built on a moral and institutional scaffolding (similar to Christianity),
aimed to make people submit to the free market order. Fundamental to this, she
explains, was the rise of human rights in the wake of the Second World War. A
rich historical depiction of the creation of the Universal Declaration of Human
Rights (UDHR) and neo-liberalism provides strong evidence to support such a
relationship. Furthermore, Whyte’s use of direct quotes from the early neo-liberals
and UDHR drafters allows readers to gain a good grasp of how the UDHR was
influenced to enshrine a set of human rights tailored to promoting neo-liberalism.
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Morals, considered as both ‘sentiments about right and wrong action’ and a
‘system of informal rules of conduct that guide individual actions’ (p. 11), were
cardinal to early neo-liberals. For them, only what Hayek called ‘the morals of the
market’ could make civilization move towards a free and peaceful market society.
These morals comprised a set of highly individualistic values and dismissed others
directed at achieving shared goals. To underpin this vision, neo-liberals depicted
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Stars with stripes: the essential partnership between the European Union
and the United States. By Anthony Luzzatto Gardner. London: Palgrave
Macmillan. 2020. 468pp. £32.99. isbn 978 3 03034 820 5. Available as e-book.
The Trump administration’s open hostility to the European Union has been unprec-
edented and represents a sharp break with half a century of American support
for European integration. President Donald Trump has not only questioned the
purpose of NATO but denounced the Paris climate agreements and the Iran
nuclear deal, two of the EU’s major diplomatic achievements. He slapped tariffs
on European steel exports in the name of ‘national security’ and even described
the EU as ‘a foe worse than China’. He further angered Brussels by openly champi-
oning Brexit and supporting populist movements in the EU.
Has Trump permanently damaged the transatlantic relationship? This is the
question Tony Gardner, the former US ambassador to the EU, confronts in his
very readable and substantive new book, arguing that although much damage has
been done, it is not irreparable––especially if there is a President Joe Biden in the
White House next year. Gardner, who in the 1990s served as both an intern in the
European Commission and a staffer in the US National Security Council, sketches
a detailed agenda of how to strengthen EU–US ties, drawing on his deep knowl-
edge of the policy process on both sides of the Atlantic.
Before proposing how to move this ‘essential partnership’ forward, Gardner
takes a swipe at Boris Johnson (they were contemporaries at Oxford) and Brexit,
arguing that the UK outside the EU will be a weakened global actor and will
struggle to make an impact. As regards a potential trade deal with the US, he
considers it is highly unlikely that the UK could extract from the US as favour-
able terms as the EU would do in an EU–US trade agreement, ‘due to the UK’s
diminished negotiating leverage’ (p. 98). While condemning Trump’s interference
in British and European politics, Gardner notes that Brexit and Trump have served
as ‘a mighty vaccine’ against Euroscepticism.
Despite the failure to secure an EU–US trade deal (TTIP), Gardner argues that
the negotiations were useful in leading to a better understanding of each side’s
concerns. He was shocked at the antipathy to the US, especially in Germany,
caused by the Snowden leaks and the National Security Agency (NSA) hacking
of Chancellor Angela Merkel’s mobile phone. Gardner believes that a trade deal
would still be in the best interests of both sides and suggests that the US should be
‘more pragmatic’ in its approach. The thorny issue of investor–state dispute settle-
ment should be subject to a separate agreement, the US should ditch its opposi-
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