This preview shows page 1. Sign up to view the full content.
Unformatted text preview: s of Relative stability – UK and US Realist Prescription
• Maximize autonomy
• Selective Liberalization/ protectionism. Favor allies, sanction enemies. • Reduce the costs of hegemony by demanding “burden sharing” – stop “free riding” SocialProtectionist Objections to SocialProtectionist Objections to pure Neoliberalism
• Markets Fail
• Booms and busts inevitable in capitalism – Hidden costs – “externalities” Example: pollution, job loss
– Social costs – labor markets not perfectly fluid
•Certain groups b...
View Full Document
- Fall '08