Trussonomics, producer capture, and the contradictions of neoliberalism

Catterall, Pippa (2022) Trussonomics, producer capture, and the contradictions of neoliberalism. LSE Business Review (18 Oct 2022). Blog Entry.

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Abstract

In an analogy between politics and markets, democracy can be described as a power market whose main reason is to prevent concentration in the hands of vested interests. However, political markets can be captured by producers (politicians, the media, think tanks, and lobbyists), to the detriment of consumers (voters). Pippa Catterall writes that rising bonuses at a time of rising prices and falling real wages are indicative of how much markets have been distorted in favour of a distinctive form of producer capture.

Item Type:	Online resource (Blog Entry)
Additional Information:	© 2022 The Author
Divisions:	LSE
Subjects:	H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Date Deposited:	06 Dec 2022 15:12
Last Modified:	14 Sep 2024 03:45
URI:	http://eprints.lse.ac.uk/id/eprint/117551

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