Neoliberal globalism meant insulating markets from democracy, not abolishing states

Evidence

Geneva School neoliberals offered a blueprint for globalism based on institutions of multitiered governance that are insulated from demo­cratic decision making and charged with maintaining the balance between the po­liti­cal world of imperium and the economic world of dominium. Dominium is not a space of laissez-­faire or noninterventionism but is instead an object of constant maintenance, litigation, design, and care. … Geneva School neoliberals prescribed neither an obliteration of politics by economics nor the dissolution of states into a global marketplace but a carefully structured and regulated settlement between the two. — Quinn Slobodian, Globalists, 56

Categorization

  • DEFINE: Defines the core mechanism — multitiered, democracy-insulated governance maintaining economic dominium — and rejects laissez-faire readings.
  • DEEPTHINKING: The imperium/dominium and ‘double government’ framing — markets as an object of constant care and litigation rather than absence of interference — reverses the standard interpretation and warrants sitting with.
  • XREF: connects to: Neoliberalism’s core project was protecting world markets from democratization — Quinn Slobodian, Globalists: The End of Empire and the…, 34; Neoliberalism is best understood as statecraft building market enforcers, not market-making — Quinn Slobodian, Globalists: The End of Empire and the…, 54; The neoliberal state governs for the market, not because of it. — Wendy Brown, Undoing the Demos: Neoliberalism’s…, 111 (+3 more)

Broader Connections