The EU’s democratic deficit is intrinsic to its ordoliberal design

Evidence

The European Union’s remarkably close accordance with this vision in managing its post-2008 fiscal crisis has led several scholars to argue that the EU has become an ordoliberal polity. If this is correct, its “democratic deficit” is now an intrinsic, rather than inadvertent and easily solvable part of the project. — Wendy Brown, In the Ruins of Neoliberalism, 134

Categorization

• SHARE: For the eurozone acolyte in the room who still believes the democratic deficit is a fixable bug.
• XREF: connects to: The EU’s constitutional design embodies German ordoliberal principles — Mark Blyth, Austerity: The History of a Dangerous…, 374; Ordoliberalism justifies replacing democratic governance with rules and the ECB — Mark Blyth, Austerity: The History of a Dangerous…, 377; The ECB’s institutional design copied the Bundesbank’s neoliberal design — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 636 (+3 more)

Broader Connections

• The EU’s constitutional design embodies German ordoliberal principles #expands (0.92) — Mark Blyth, Austerity, 374
• German ordoliberalism was exported to Europe via the ECB constitution and Euro rules #expands (0.90) — Mark Blyth, Austerity, 375
• Ordoliberalism institutionalized competition policy and an independent central bank against parliamentary control #expands (0.90) — Mark Blyth, Austerity, 364
• Ordoliberalism justifies replacing democratic governance with rules and the ECB #corroborates (0.88) — Mark Blyth, Austerity, 377
• Ordoliberals wanted to reduce democratic participation to protect the market #expands (0.88) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 525
• The ECB’s institutional design copied the Bundesbank’s neoliberal design #expands (0.78) — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 636