Restructuring Hegemony in the Global Political Economy

<p>Since the late 1970s the spread of Neo-liberalism and the failure of socialist economies and systems in Eastern Europe have resulted in a practically unchallenged hegemony of international capital across the globe. Neo-liberalism is now the dominant ideology legitimizing the privatisation of state-controlled economies and the substitution of the market for social provision and basic welfare.<br> In <em>Restructuring Hegemony in the Global Political Economy</em> the authors argue that this process began with the defeat of the New International Economic Order the Euro-Communist ascendency in Western Europe the overthrow of the Allende government in Chile and culminated in the collapse of practical socialism. They assert that the victory of neo-liberalism is now so complete that its radical features have come to be accepted as the new normality.</p>