Contestants, Profiteers, and the Political Dynamics of Marketization

How Shareholders gained Control Rights in Britain, Germany, and France

Business & Finance, Economics, Development & Growth, Nonfiction, Social & Cultural Studies, Political Science
Cover of the book Contestants, Profiteers, and the Political Dynamics of Marketization by Helen Callaghan, OUP Oxford
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Author: Helen Callaghan ISBN: 9780192548030
Publisher: OUP Oxford Publication: January 19, 2018
Imprint: OUP Oxford Language: English
Author: Helen Callaghan
ISBN: 9780192548030
Publisher: OUP Oxford
Publication: January 19, 2018
Imprint: OUP Oxford
Language: English

Since the early 1980s, governments worldwide have taken many measures to expand the role of markets. Recent political events reflect widespread disenchantment with neoliberal policies, but it remains doubtful whether populist leaders will deliver the market restraints that many of their voters expect. This book explains the resilience of marketization processes by highlighting the role of profiteers- namely those who, like the organizer of a cock fight, benefit from contests regardless of who wins. By setting up shop on the sidelines, profiteers accumulate resources that boost political efforts to maintain and expand the arena of competition. Evidence comes from the evolution of support for shareholder rights relating to takeover bids among key interest groups and political parties in three countries since the late nineteenth century.

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Since the early 1980s, governments worldwide have taken many measures to expand the role of markets. Recent political events reflect widespread disenchantment with neoliberal policies, but it remains doubtful whether populist leaders will deliver the market restraints that many of their voters expect. This book explains the resilience of marketization processes by highlighting the role of profiteers- namely those who, like the organizer of a cock fight, benefit from contests regardless of who wins. By setting up shop on the sidelines, profiteers accumulate resources that boost political efforts to maintain and expand the arena of competition. Evidence comes from the evolution of support for shareholder rights relating to takeover bids among key interest groups and political parties in three countries since the late nineteenth century.

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