IDEAS home Printed from https://ideas.repec.org/a/ecr/col070/46933.html
   My bibliography  Save this article

Unbridled liberalism and a pandemic: at a crossroads between techno authoritarianism and a new social order

Author

Listed:
  • Dosi, Giovanni

Abstract

This paper analyses some of the trends in global capitalism prior to the pandemic and some specificities of the latter that are likely to place the global economy at a crossroads between maintaining the prevailing trend of techno authoritarianism in the governance of countries and a change in the social order. It describes the arrival of the pandemic amid increasing technologization and a fragile socioeconomic architecture, which has been deteriorating since the emergence of neoliberalism in the 1980s and, especially, since the 2008–2009 financial crisis. The major trends analysed are: globalization and the rise of China, wage stagnation and the gap between productivity and wages, along with the explosion in the rate of profit, in addition to (financial and non-financial) corporate profits and the convergence of artificial intelligence and automation. It also outlines a number of lessons to be learned from the pandemic.

Suggested Citation

  • Dosi, Giovanni, 2020. "Unbridled liberalism and a pandemic: at a crossroads between techno authoritarianism and a new social order," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    • Handle: RePEc:ecr:col070:46933
    as

    Download full text from publisher

    File URL: http://repositorio.cepal.org/handle/11362/46933
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. repec:iza:izawol:journl:y:2015:p:5 is not listed on IDEAS
    2. Richard Freeman, 2015. "Who owns the robots rules the world," IZA World of Labor, Institute of Labor Economics (IZA), pages 1-5, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Uwe JIRJAHN & Stephen C. SMITH, 2018. "Nonunion Employee Representation: Theory And The German Experience With Mandated Works Councils," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 89(1), pages 201-233, March.
    2. Ville-Veikko Pulkka, 2017. "A free lunch with robots – can a basic income stabilise the digital economy?," Transfer: European Review of Labour and Research, , vol. 23(3), pages 295-311, August.
    3. Akaev, Askar & Devezas, Tessaleno & Ichkitidze, Yuri & Sarygulov, Askar, 2021. "Forecasting the labor intensity and labor income share for G7 countries in the digital age," Technological Forecasting and Social Change, Elsevier, vol. 167(C).
    4. Fabio D'Orlando, 2018. "Problems, solutions and new problems with the third wave of technological unemployment," Working Papers 2018-02, Universita' di Cassino, Dipartimento di Economia e Giurisprudenza.
    5. Giovanni DOSI & Maria Enrica VIRGILLITO, 2019. "Whither the evolution of the contemporary social fabric? New technologies and old socio‐economic trends," International Labour Review, International Labour Organization, vol. 158(4), pages 593-625, December.
    6. Christine Mayrhuber & Julia Bock-Schappelwein, 2018. "Dimensionen plattformbasierter Arbeit in Österreich und Europa. Implikationen für die soziale Sicherheit," WIFO Studies, WIFO, number 61667, Juni.
    7. Thomsen, Stephan L, 2018. "Die Rolle der Computerisierung und Digitalisierung für Beschäftigung und Einkommen," Hannover Economic Papers (HEP) dp-645, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    8. Eichhorst, Werner & Linckh, Carolin, 2019. "New Pay: Welche Anreize funktionieren überhaupt noch?," IZA Standpunkte 95, Institute of Labor Economics (IZA).
    9. Fabrizio Leone, 2022. "Multinationals, Robots, and the Labor Share," Working Papers ECARES 2022-17, ULB -- Universite Libre de Bruxelles.
    10. Berg, Andrew & Buffie, Edward F. & Zanna, Luis-Felipe, 2018. "Should we fear the robot revolution? (The correct answer is yes)," Journal of Monetary Economics, Elsevier, vol. 97(C), pages 117-148.
    11. Marcel Steffen Eckardt, 2022. "Minimum wages in an automating economy," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 24(1), pages 58-91, February.
    12. Gregory, Terry & Salomons, Anna & Zierahn, Ulrich, 2016. "Racing With or Against the Machine? Evidence from Europe," VfS Annual Conference 2016 (Augsburg): Demographic Change 145843, Verein für Socialpolitik / German Economic Association.
    13. Jasmine Mondolo, 2022. "The composite link between technological change and employment: A survey of the literature," Journal of Economic Surveys, Wiley Blackwell, vol. 36(4), pages 1027-1068, September.
    14. Leone, Fabrizio, 2021. "Foreign Ownership and Robot Adoption," CEPREMAP Working Papers (Docweb) 2111, CEPREMAP.
    15. Gravina, Antonio Francesco & Foster-McGregor, Neil, 2020. "Automation, globalisation and relative wages: An empirical analysis of winners and losers," MERIT Working Papers 2020-040, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    16. Solène Guenat & Phil Purnell & Zoe G. Davies & Maximilian Nawrath & Lindsay C. Stringer & Giridhara Rathnaiah Babu & Muniyandi Balasubramanian & Erica E. F. Ballantyne & Bhuvana Kolar Bylappa & Bei Ch, 2022. "Meeting sustainable development goals via robotics and autonomous systems," Nature Communications, Nature, vol. 13(1), pages 1-10, December.
    17. Pablo Casas & José L. Torres, 2023. "Automation, automatic capital returns, and the functional income distribution," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 32(1), pages 113-135, January.
    18. Costantini, Valeria & Sforna, Giorgia, 2020. "A dynamic CGE model for jointly accounting ageing population, automation and environmental tax reform. European Union as a case study," Economic Modelling, Elsevier, vol. 87(C), pages 280-306.
    19. Stefan Ederer, 2018. "Makroökonomische Auswirkungen der Digitalisierung," WIFO Monatsberichte (monthly reports), WIFO, vol. 91(12), pages 855-862, December.
    20. David A. Spencer, 2023. "Automation and Well-Being: Bridging the Gap between Economics and Business Ethics," Journal of Business Ethics, Springer, vol. 187(2), pages 271-281, October.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ecr:col070:46933. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Biblioteca CEPAL (email available below). General contact details of provider: https://edirc.repec.org/data/eclaccl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.