Neoliberal trade doctrine plus corporate reengineering drove offshore capital flight

Evidence

However, the drive to offshore outsource manufacturing in the advanced economies, which was mutually symbiotic with the frustration of capital controls, was clearly a function of neoliberal doctrines concerning the unbounded benefits of freedom of international trade, combined with neoliberal projects to reengineer the corporation as an arbitrary nexus of contractual obligations, rather than as a repository of production expertise. The MPS member Anne Krueger was brought into dialogue with her fellow member Ronald Coase, and the offspring was the flight of capital to countries such as China, India, and the Cayman Islands. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 171

Categorization

• XREF: Connects to Grossman-Hart ‘nexus of contracts’ theory of the firm and Coase’s own work; the Krueger-Coase dialogue is a concrete instance of the MPS ‘thought collective’ at work. — connects to: Geoengineering is the logical extension of neoliberal market-fix doctrine — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 931; Neoliberals viewed foreign investment as inseparable from exporting capitalist social transformation — Jessica Whyte, The Morals of the Market: Human Rights…, 298; Neoliberal ‘freedom’ prioritized cross-border capital mobility over domestic welfare. — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 423 (+1 more)

Broader Connections

• Neoliberal ‘freedom’ prioritized cross-border capital mobility over domestic welfare. #corroborates (0.85) — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 423
• Neoliberals viewed foreign investment as inseparable from exporting capitalist social transformation #expands (0.82) — Jessica Whyte, The Morals of the Market, 298
• Geoengineering is the logical extension of neoliberal market-fix doctrine #expands (0.78) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 931
• Corporate outsourcing and CEO pay inflation stem from neoliberal theory, not efficiency #corroborates (0.75) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 175