
Thesis 3: The post-1989 order combines an economic system that generates huge structural inequalities and oppression with a juridico-political ideology promising dignity and equality. This major instability is contributing to its demise. Why and how did this combination of neoliberal capitalism and humanitarianism emerge? Capitalism has always moralized the economy and applied a gloss of righteousness to profit-making and unregulated competition precisely because it is so hard to believe. From Adam Smith’s ‘hidden hand’ to the assertion that unrestrained egotism promotes the common good or that beneficial effects ‘trickle down’ if the rich get even bigger tax breaks, capitalism has consistently tried to claim the moral high ground. Similarly, human rights and their dissemination are not simply the result ...
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