Dismissing the Neoliberal Counter- reformation of State Capitalism

  • Viljem Merhar
  • Viktor Žakelj
  • Matjaž Mulej
Keywords: capitalism, neoliberalism, global monopolies, social responsibility, eco-socialism

Abstract

In neoliberal capitalism, global monopolies reign, not the market. They ruin competi- tion and limit the wages, employment, and purchasing capacity of 85% of humans. Thus, they ruin the market economy as a socio-economic system, applying the et- hics of independence and dependence, not the interdependence of Smith’s invisi- ble hand. The masses will not tolerate this much longer. It is urgent to link insights by Smith, Ricardo, Marx, Keynes, Galbraith, Felber, the European Union, etc., who see a way out of the current crisis of affluence and misery via a new socio-economic order comprising social responsibility, integral green economy, shared-value eco- nomy, and eco-socialism, thereby denying the state socialism of the 20th century.

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Author Biographies

Viljem Merhar

Faculty of Economics, University of Ljubljana, Slovenia

Viljem Merhar born in 1934, is Professor Emeritus at the Faculty of Economics, University of Ljubljana. His doctorate covered political economy, which he has also been teaching. He is the author and co-author of several books and numerous articles. He belongs to the rather active group of searchers looking for alternative ways out of the current economic crisis.

Viktor Žakelj

PhD student in Faculty of Economics and Business, University of Maribor, Slovenia
E-mail: viktor@vbg.si

Viktor Žakelj born in 1943, is a teacher of math and physics, a lawyer, an economist, a politician, and a publicist. He has authored and co-authored several books and many articles. He has worked in schools, businesses, and politics, where he ended as vice president of the government of the Republic of Slovenia.

Matjaž Mulej

Faculty of Economics and Business, University of Maribor, Slovenia
E-mail: mulej@uni-mb.si

Matjaž Mulej born in 1941, is a doctor of economy (in systems theory) and of (inno- vation) management. He is Professor Emeritus of systems and innovation theory at the Faculty of Economics and Business, University of Maribor. He developed the dialectical systems theory and innovative business theory (covering transitio- nal conditions). He has published (with co-authors, mostly) more than 1,700 texts (including more than 60 books/proceedings and more than 60 articles in first-class journals) in almost 50 countries. He served as a visiting professor abroad for 15 terms, including at Cornell University in Ithaca, NY. He is a member of three in- ternational academies of sciences and arts.

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Published
2014-08-02
How to Cite
Merhar V., Žakelj Žakelj, & Mulej M. (2014). Dismissing the Neoliberal Counter- reformation of State Capitalism. Naše gospodarstvo/Our Economy, 60(5-6), 68-76. Retrieved from https://journals.um.si/index.php/oe/article/view/2278