Category Archives: Periodical

Hayek -today

In connection with the first Hungarian publication of the book by the late "father" of neoliberalism called Road to serfdom, the reviewer discusses the topicality of Hayek's ideas. He regards it as important that during the domination of fascism and Stalinism, Hayek discussed his ideas strongly opposed to the state in defence of democracy. Andor points out Hayek's inconsistency when he fails to extend his correct criticism of despotism to the conditions inside the factory, i.e. economic despotism. At the same time, he underlines the applicability of Hayek's ideas against the trends of monopoly and concentration of the international economy.

Rome against the Wall Street?

Similarly to Abascal-Jaen, Löwy too, discusses the Vatican's relationship to capitalism and analyses the encyclical letter called Centesimus Annus. He interprets the role of the Church as a third force in the context of capitalism-socialism, and he too, arrives at the final conclusion that the anticapitalist remarks of the encyclical letter do not offer an alternative but rather serve the easing of the existing capitalism and thus its indirect justification.

The rise of world poverty

Relying on statistical data Ross too, argues that the past few years of the world economy have been the age of decline and dramatic polarisation. Amidst growing impoverishment the performance of the "small tigers" of Asia can be considered as an exception and not the model of advancement. The Fukuyama apotheosis of liberal capitalism is just an apology denied by a multitude of fact.