Morally motivated critique of the construct of Neoliberalism - An obstacle to appropriate Global Governance?

Seminar paper from the year 2007 in the subject Politics - International Politics - Topic: Globalization, Political Economics, grade: 1,3, Bielefeld University, course: Moral Basis of Capitalism, 36 entries in the bibliography, language: English, abstract: As Globalization and Neoliberalism are mentioned in public mass media, these terms aremainly afflicted with extensive critiques. Neoliberalism is implied an egoist, reckless transferof Darwin's doctrine to Economy in which only the fittest can survive. This so called doctrinebecomes more and more evident.Besides other definitions of Globalization I will refer to a general definition which issufficient as a required framework for this paper. I will define it as a term to describe thegrowth and spread in investment, trade, and production, the introduction of new technology,and the spread of democracy around the world. (Schaeffer 2003: 1) The degree ofGlobalization would affect not only production, finance, technology, media and fashion, butalso the international political system. (Archibugi 2004: 438)The logic of the market has undoubtedly penetrated other subsystems of societies.In the overall concept of Globalization, Neoliberalism is the economic Ideology whichcoins globalization. Neoliberalism is the constitutive basis, the incentive of Globalization.Globalization explicitly implies the idea of worldwide free trade and global market economy.(Cp. Schäfer 2003: 36) At the end of the twentieth century, it looks clear that there has beena kind of triumph o global capitalism. (Langhorne 2001: 16)This obvious development is frequently criticised all over the world dependent on socioculturaland structural background of critiques. In Africa targets of criticism are mainlyinternational institutions like the IMF, World Bank, World Trade Organization or the Groupof 8, banks and stock exchanges in the US, Canada and Europe. (Cp. Wood 2004: 69-75)This paper intends to elaborate Neoliberalism as the omnipotent market ideology and theinevitability of an evolutionary process. Outgoing from this thesis, neoliberalist-criticsunderestimate the importance of Global Governance as a concept of government on a globallevel. Instead, critics misguiding criticize the logic of a working system based on inequality.Hereafter this paper offers an appropriate concept of Global Governance which might be anopportunity to deal with apparent negative externalities in the global market system.