Neoliberals sought enforceable capital flight rights that outstripped human rights protections.
Evidence
Defending the rights of the investor was an imporÂtant early fight for neoliberal intellectuals and one they engaged in with their partners from the 1920s of the ICC. Although their campaign was framed as one for the sanctity of property rights, it is more accurately a fight for the sanctity of capital mobility. They Âwere fighting, not for the right to own and stay, but for the right to sell and leave. In the aftermath of the Second World War, as international law was being rethought to accommodate the probÂlem of the stateless and the refugee, international economic law was being formulated to protect the rights of what one conÂtemporary called ârefugee moneyâ and the Âhuman right of capital flight. If, as historians argue, nobody believed that the Âhuman rights of the 1940s should be enforceable at the cost of state sovereignty, it is notable that many believed that the private rights of capital should be enforceable in exactly that way. â Quinn Slobodian, Globalists, 481
Categorization
- XREF: Connects to the bookâs core thesis about neoliberalism as insulation of markets from democracy â the asymmetry between capital mobility rights and human rights enforcement is a sharp case. â connects to: Neoliberals redeployed human rights to protect investors and property â Jessica Whyte, The Morals of the Market: Human RightsâŠ, 428; Neoliberals framed human rights as a tool to enforce global standards protecting private capital; Neoliberals weaponized human rights language to protect private property and market order â Jessica Whyte, The Morals of the Market: Human RightsâŠ, 76 (+6 more)
- SEED: Angle for an essay: the 1940s parallel between the refugee (stateless person) and ârefugee moneyâ â how the same decade that codified human rights for displaced people also codified capital flight as a human right.
- ADDENDUM: Directly supplements âOn Sacrifice: The Real Kind, with Corpsesâ only in the sense of rights frameworks â actually more relevant as a companion to the rights-vs-sovereignty tension discussed throughout the book.
Broader Connections
- Neoliberals redeployed human rights to protect investors and property
#corroborates(0.90) â Jessica Whyte, The Morals of the Market, 428 - Neoliberals framed human rights as a tool to enforce global standards protecting private capital
#corroborates(0.88) - Neoliberals weaponized human rights language to protect private property and market order
#corroborates(0.86) â Jessica Whyte, The Morals of the Market, 76 - Neoliberals deployed human rights language to justify property rights and dismantling welfare
#corroborates(0.85) â Jessica Whyte, The Morals of the Market, 7 - Neoliberals saw human rights standards as a way to depoliticize international economic relations
#expands(0.80) â Jessica Whyte, The Morals of the Market, 450 - Neoliberal âfreedomâ prioritized cross-border capital mobility over domestic welfare.
#corroborates(0.78) â Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 423 - Neoliberalism and human rights are commonly seen as opposing globalizing logics.
#qualifies(0.75) â Jessica Whyte, The Morals of the Market, 39 - Neoliberals saw economic rights as a path toward totalitarianism
#expands(0.75) â Jessica Whyte, The Morals of the Market, 163