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American Economic Nationalism: Corporatist, Neoliberal And Neocorporatist Political Strategic Responses To Contemporary Global Systemic Crises

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  • Benedict E. DeDominicis

Abstract

The political theory focus of this paper is the relevance of corporatism to meet the nationalist backlash against the increasing global interdependence that elites encouraged through neoliberal strategies. The paper analyzes the Trump administration’s resistance to international cooperation to counteract the negative externalities creating vulnerability to global crises. It thereby explicates the political assumptions and prescriptions underlying national strategic models of development. Great power competition for power and influence intensifies in an international political system in which the sources of power and influence increasingly depend upon sustainable development. It explores how reactionary populism emerges from perceived threat to core cultural group traditional supremacy within the national polity. This group heretofore set the institutionalized, stereotyped norm standards of individual and constituency behavior and relations. It highlights the foundational path dependency of the American state being reflected in contemporary American white populist status grievances. They utilize the language of conservative evangelical Christian identity to mobilize their social movement political resources. American foundational colonial ideologies in early modern capitalist plantation-based slavery and legacies of de facto casteism are a symbol set. Postwar emerging transnational normative authority centers reflected in international law progressively challenge the utilitarian relevance of these traditional, stereotyped norms and ethics.

Suggested Citation

  • Benedict E. DeDominicis, 2021. "American Economic Nationalism: Corporatist, Neoliberal And Neocorporatist Political Strategic Responses To Contemporary Global Systemic Crises," Review of Business and Finance Studies, The Institute for Business and Finance Research, vol. 12(1), pages 1-30.
  • Handle: RePEc:ibf:rbfstu:v:12:y:2021:i:1:p:1-30
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    References listed on IDEAS

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    Cited by:

    1. Benedict E. DeDominicis, 2022. "Web3, Hegemony And Anonymity: The Transnational Social Identity Dynamics Of Globalized National Political Economic Interdependency," Global Journal of Business Research, The Institute for Business and Finance Research, vol. 16(1), pages 91-119.
    2. Benedict E. DeDominicis, 2022. "American Regime Institutionalization, Segregation, Integration And Assimilation: The Social Identity Dynamics Of Utilitarian Cooptation," Review of Business and Finance Studies, The Institute for Business and Finance Research, vol. 13(1), pages 1-30.

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    More about this item

    Keywords

    Corporatism; Covid-10; Environmental Policy; Epistemic Community; Globalization; Interdependency; Judiciary; Neoliberalism; National Security; Political Strategy; Social Identity; Social Movements;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E14 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Austrian; Evolutionary; Institutional
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E71 - Macroeconomics and Monetary Economics - - Macro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on the Macro Economy
    • F52 - International Economics - - International Relations, National Security, and International Political Economy - - - National Security; Economic Nationalism
    • F54 - International Economics - - International Relations, National Security, and International Political Economy - - - Colonialism; Imperialism; Postcolonialism
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • H44 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Goods: Mixed Markets
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • J15 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers
    • J71 - Labor and Demographic Economics - - Labor Discrimination - - - Hiring and Firing
    • J78 - Labor and Demographic Economics - - Labor Discrimination - - - Public Policy (including comparable worth)
    • K15 - Law and Economics - - Basic Areas of Law - - - Civil Law; Common Law
    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law
    • K38 - Law and Economics - - Other Substantive Areas of Law - - - Human Rights Law; Gender Law; Animal Rights Law
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
    • L43 - Industrial Organization - - Antitrust Issues and Policies - - - Legal Monopolies and Regulation or Deregulation
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • N32 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - U.S.; Canada: 1913-
    • N34 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Europe: 1913-
    • N42 - Economic History - - Government, War, Law, International Relations, and Regulation - - - U.S.; Canada: 1913-
    • N44 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: 1913-
    • N62 - Economic History - - Manufacturing and Construction - - - U.S.; Canada: 1913-
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • P11 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Planning, Coordination, and Reform
    • P41 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Planning, Coordination, and Reform
    • P50 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - General
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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