The Liberalizers: Justifying Free-Market Finance

Author(s):  
Louçã Francisco ◽  
Ash Michael

Chapter 5 traces how free market ideology displaced the apparent consensus on economic regulation that emerged from the Depression, the New Deal, and the Second World War. Viewed as cranks within economics through the 1960s, Milton Friedman and his supporters built an apparatus of ideas, publications, students, think tanks, and rich supporters, establishing outposts in Latin America and the UK. When developed economies faltered in the 1970s, Friedman’s neoliberal doctrine was ready. With citizens, consumers, and workers feeling worked over by monopolies, inflation, unemployment, and taxes, these strange bedfellows elected Reagan in the US and Thatcher in the UK and rolled to power in academia and in public discourse with a doctrine of privatization, liberalization, and deregulation. Friedman, Eugene Fama, and James Buchanan whose radical free market views triumphed at the end of the 1970s are profiled. A technical appendix, “Skeptics and Critics vs. True Believers” explores the economic debates.

2018 ◽  
Vol 66 (3) ◽  
pp. 263-287
Author(s):  
Tom Frost ◽  
C R G Murray

Good governance requires the accommodation of multiple interests in the cause of decision-making. However, undue regard for particular sectional interests can take its toll upon public faith in government administration. Historically, broad conceptions of the good of the commonwealth were employed to outweigh the interests of groups that resisted colonisation. In the decision-making of the British Empire, the standard approach for justifying the marginalisation of the interests of colonised groups was that they were uncivilised and that particular hardships were the price to be paid for bringing to them the imperial dividend of industrial society. It is widely assumed that with the dismantling of the British Empire, such impulses and their accompanying jurisprudence became a thing of the past. Even as decolonisation proceeded apace after the Second World War, however, the UK maintained control of strategically important islands with a view towards sustaining its global role. In an infamous example from this twilight period of empire, in the 1960s imperial interests were used to justify the expulsion of the Chagos islanders from the British Indian Ocean Territory (BIOT). Into the twenty-first century, this forced elision of the UK’s interests with the imperial ‘common good’ continues to take centre stage in courtroom battles over the islanders’ rights, being cited before domestic and international tribunals in order to maintain the Chagossians’ exclusion from their homeland. This article considers the new jurisprudence of imperialism which has emerged in a string of decisions which have continued to marginalise the Chagossians’ interests.


2021 ◽  
pp. 225-232
Author(s):  
Laszlo Solymar

The end of the Second World War saw the company AT&T in a dominant position in the US. They had the local monopoly, the long-distance monopoly, and the manufacturing monopoly. They were under constant attack by the Justice Department who sought to stop their monopoly position by applying the Anti-Trust laws. In 1984 they succeeded, and the AT&T empire was dissolved. Seven independent, so-called Baby Bells, were set up. Bell Telephone Laboratories, the world’s greatest research laboratory, was split up. In the UK at about the same time the Post Office lost its monopoly position, although British Telecom, set up in its stead, was allowed to keep a monopoly position but had to accept regulation. France Telecom was also privatized.


2020 ◽  
Vol 33 (1) ◽  
pp. 147-174
Author(s):  
Danielle Judith Zola Carr

While behaviourist psychology had proven its worth to the US military during the Second World War, the 1950s saw behaviourism increasingly associated with a Cold War discourse of ‘totalitarianism’. This article considers the argument made in Hannah Arendt’s The Origins of Totalitarianism on totalitarianism as a form of behaviourist control. By connecting Arendt’s Cold War anti-behaviourism both to its discursive antecedents in a Progressive-era critique of industrial labour, and to contemporaneous attacks on behaviourism, this paper aims to answer two interlocking questions: Why was behaviourism overtaken by cognitivism as the dominant theoretical orientation of psychologists in the 1960s, and what role did the concept of language play in this shift?


2007 ◽  
Vol 37 (3) ◽  
pp. 505-531 ◽  
Author(s):  
HAHRIE HAN ◽  
DAVID W. BRADY

Although a rich body of research has explored the sources of party polarization in the US House of Representatives, it has focused primarily on the House since the late 1970s. Drawing on a dataset of historical election outcomes, legislative voting and survey data, this article takes an alternative approach that examines both the US Senate and the House in their broader historical contexts. It is argued that the unusually bipartisan era of the 1950s created a set of circumstances that enabled congressional parties to remain relatively unpolarized throughout the 1960s and early 1970s. Although the national parties became more ideologically distinct in the mid-1960s, congressional parties lagged behind. As a result, a group of moderate legislators emerged who were cross-pressured between their national parties and their constituencies. Only when natural patterns of electoral loss and retirement replaced these legislators did congressional party polarization re-emerge.


Author(s):  
Olga I. Shcherbinina ◽  

The article examines the contacts of the American playwright Lillian Hellman with the Soviet theatrical world. It focuses on Soviet productions of her plays, recollections of actors involved in those productions, critics’ reviews of the premieres. Hellman’s more than 20-year career in the USSR helps to trace back the changes of Soviet cultural and ideological agenda. Acting as a cultural emissary during the Second World War, Hellman visited Moscow where she was greeted as a dear guest, and her plays were staged by two lar­gest Moscow theaters. With the beginning of the Cold War, her dramas The Little Foxes and Watch on the Rhine disappeared from the repertoire. Surprisingly, Hellman’s play with a conspicuously Western title Ladies and Gentlemen circumvented theatrical censorship amid an anti-American propaganda campaign, although the production received negative reviews from magazine critics. In the 1960s Hellman returns to Moscow again, where she meets Raisa Orlova and Lev Kopelev. Cultural and political landscape of that period was deeply influenced by struggles of the dissident movement, which Hellman deeply sympathized with. She considered Kopelev and Orlova to be people of remarkable courage and integrity since they refused to leave their native Russia despite the risk of being imprisoned and persecuted. That is why the case of Anatoly Kuznetsov who fled to the UK from the USSR infuriated Hellman who publicly disapproved his decision to flee. Hellman wrote and spoke about dissidents back at home in the United States, and she continued to correspond with Orlova almost until her death in 1984. Thus, Hellman’s creative biography represents the trajectory of defecting from the ranks of Soviet sympathizers: starting her career as a pro-Stalinist, she subsequently refused to support Soviet socialism.


2015 ◽  
Vol 12 (4) ◽  
pp. 539-555 ◽  
Author(s):  
Kevin M. Flanagan

This article traces Ken Russell's explorations of war and wartime experience over the course of his career. In particular, it argues that Russell's scattered attempts at coming to terms with war, the rise of fascism and memorialisation are best understood in terms of a combination of Russell's own tastes and personal style, wider stylistic and thematic trends in Euro-American cinema during the 1960s and 1970s, and discourses of collective national experience. In addition to identifying Russell's recurrent techniques, this article focuses on how the residual impacts of the First and Second World Wars appear in his favoured genres: literary adaptations and composer biopics. Although the article looks for patterns and similarities in Russell's war output, it differentiates between his First and Second World War films by indicating how he engages with, and temporarily inhabits, the stylistic regime of the enemy within the latter group.


Author(s):  
Pedro Iacobelli Delpiano

ResumenLa literatura sobre la historia internacional de Chile durante la Segunda Guerra Mundial ha centrado el debate en torno al juego de presiones ejercidas por los Estados Unidos hacia los gobiernos radicales de Jerónimo Méndez Arancibia y Juan Antonio Ríos Morales para conseguir que Chile se sumara a la política continental contra las fuerzas del Eje. La neutralidad chilena fue interpretada como una actitud traicionera por los estadounidenses y en un triunfo por los países del Eje durante 1941 a 1943. Este artículo introduce el debate y busca presentar las posibilidades historiográficas al incluir a Japón, tanto como actor relevante en la política chilena como receptor de la “neutralidad” chilena en el periodo.Palabras clave: Chile, Japón, Segunda Guerra Mundial, Estados Unidos, historiografíaThe Chilean “Neutrality” in World War II (1939-1943): A historiographical analysis focused on the literature of the diplomatic relations between Chile and JapanAbstractThe literature about Chile´s international history during World War II has heavily laid on the power dynamics between the US and the Chilean radical governments of vice-president (interim) Jerónimo Méndez Arancibia and president Juan Antonio Rios Morales. Since the Roosevelt administration sought to secure the rupture of diplomatic relations between Chile and the Axis powers, Santiago´s refusal to break relations was understood as treason by the US and as a diplomatic success by the Axis powers during 1941-1943.This paper delves into the historiographical possibilities in including Japan, either as a relevant actor in the Chilean politics and as receptor of the newsabout Chile´s neutrality.Keywords: Chile, Japan, Second World War, United States, historiographyA “neutralidade” chilena na segunda guerra mundial(1939-1943): uma análise historiográfica, com ênfase naliteratura sobre as relações Chile-JapãoResumoA literatura sobre a história internacional do Chile durante a Segunda Guerra Mundial tem-se centrado no debate em torno ao jogo de pressões exercidas pelos Estados Unidos aos governos radicais de Jerónimo Méndez Arancibia e Juan Antonio Rios Morales, para conseguir que o Chile pudesse se somar a política continental contra as forças do Eixo. A neutralidade chilena foi interpretada como uma atitude traiçoeira pelos norte-americanos e uma vitória para os países do Eixo durante 1941 a 1943. Este artigo introduz o debate e procura a presentar as possibilidades historiográficas ao incluir ao Japão, tanto como um ator relevante na política chilena como o destinatário da “neutralidade” chilena no período.Palavras-chave: Chile, Japão, Segunda Guerra Mundial, Estados Unidos, historiografia


Author(s):  
Eric Golson

ABSTRACTIn September 1939, Portugal made a realist strategic choice to preserve the Portuguese Empire maintaining by its neutrality and also remaining an ally of Great Britain. While the Portuguese could rely largely on their colonies for raw materials to sustain the mainland, the country had long depended on British transportation for these goods and the Portuguese military. With the British priority now given to war transportation, Portugal's economy and Empire were particularly vulnerable. The Portuguese dictator Antonio Salazar sought to mitigate this damage by maintaining particularly friendly financial relations with the British government, including increased exports of Portuguese merchandise and services and permission to accumulate credits in Sterling to cover deficits in the balance of payments. This paper gives an improved set of comprehensive statistics for the Anglo-Portuguese and German–Portuguese relationships, reported in Pounds and according to international standards. The reported statistics include the trade in merchandise, services, capital flows, loans and third-party transfers of funds in favour of the British account. When compared with the German statistics, the Anglo-Portuguese figures show the Portuguese government favoured the British in financial relations, an active choice by Salazar to maintain the Portuguese Empire.


2021 ◽  
Vol 30 (2) ◽  
pp. 265-283
Author(s):  
Alice Byrne

This article explores the UK government's first foray into cultural diplomacy by focusing on the activities of the British Council's Students Committee in the run-up to the Second World War. Students were placed at the heart of British cultural diplomacy, which drew on foreign models as well as the experience of intra-empire exchanges. While employing cultural internationalist discourse, the drive to attract more overseas students to the United Kingdom was intended to bring economic and political advantages to the host country. The British Council pursued its policy in cooperation with non-state actors but ultimately was guided by the Foreign Office, which led it to target key strategic regions, principally in Europe and the Mediterranean Basin.


2006 ◽  
Vol 93 (1) ◽  
pp. 106-137 ◽  
Author(s):  
FRANK MORT

ABSTRACT Historians of the sexual and cultural changes associated with the ““permissive”” moment of the 1960s have tended to emphasize a progressive narrative of reform focused on national policies and their social outcomes. This article explores a diffierent dynamic, highlighting the ways in which a series of scandalous and transgressive events, associated with particular networks of metropolitan culture in London, played a significant role in reshaping sexual beliefs and attitudes within English society during the postwar period.


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