The Ethics of Neoliberalism: The Business of Making Capitalism Moral (Hardback) book cover

The Ethics of Neoliberalism

The Business of Making Capitalism Moral

By Peter Bloom

© 2017 – Routledge

220 pages

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pub: 2017-06-15
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Description

The 21st century is the age of "neo-liberalism" – a time when the free market is spreading to all areas of economic, political and social life. Yet how is this changing our individual and collective ethics? Is capitalism also becoming our new morality? From the growing popular demand for corporate social responsibility to personal desire for "work-life balance" it would appear that non-market ideals are not only surviving but also thriving. Why then does it seem that capitalism remains as strong as ever?

The Ethics of Neoliberalism boldly proposes that neoliberalism strategically co-opts traditional ethics to ideologically and structurally strengthen capitalism. It produces "the ethical capitalist subject" who is personally responsible for making their society, workplace and even their lives "more ethical" in the face of an immoral but seemingly permanent free market.

Rather than altering our morality, neoliberalism "individualizes" ethics, making us personally responsible for dealing with and resolving its moral failings. In doing so, individuals end up perpetuating the very market system that they morally oppose and feel powerless to ultimately change.

This analysis reveals the complex and paradoxical way capitalism is currently shaping us as "ethical subjects". People are increasingly asked to ethically "save" capitalism both collectively and personally. This can range from the "moral responsibility" to politically accept austerity following the financial crisis to the willingness of employees to sacrifice their time and energy to make their neoliberal organizations more "humane" to the efforts by individuals to contribute to their family and communities despite the pressures of a franetic global business environment. Neoliberalism, thus, uses our ethics against us, relying on our "good nature" and sense of personal responsibility to reduce its human cost in practice. Ironically

Reviews

"Neoliberalism has frequently been viewed as a nihilistic embrace of the free market or a governmental effort to reduce everything to economic calculation. Peter Bloom demonstrates that this representation misses vital dimensions of neoliberal power and ideology, namely the ways in which social and ethical life are co-opted in the service of economic institutions. Neoliberalism is not just an avenue to profit-maximisation, but promises "to allow subjects to use the market to be good and do good". The Ethics of Neoliberalism is an important new contribution to the field, which greatly enriches our understanding of how markets, ideology and morality become entangled, trapping us in the process."-- Dr. Will Davies. Reader in Political Economy, Goldsmith University of London, UK

Table of Contents

1. The Paradox of Neoliberal Ethics

2. Producing the Ethical Capitalist Subject

3.The Ethical Power of Neoliberalism

4.The Political Power of Neoliberal Ethics

5.The Institutional Power of Neoliberal Ethics

6.The Personal Power of Neoliberal Ethics

7. The Subjective Power of Neoliberal Ethics

8.Fighting the Power of Neoliberal Ethics

9.The Ethics of Neoliberalism: The Business of Making Capitalism Moral

About the Author

Peter Bloom is a Lecturer in the Department of People and Organisations at the Open University, UK.

About the Series

Routledge Studies in Business Ethics

Business ethics is a site of contestation, both in theory and practice. For some it serves as a salve for the worst effects of capitalism, giving businesses the means self-regulate away from entrenched tendencies of malfeasance and exploitation. For others business ethics is a more personal matter, concerning the way that individuals can effectively wade through the moral quagmires that characterise so many dimensions of business life. Business ethics has also been conceived of as a fig leaf designed to allow business-as-usual to continue while covering over the less savoury practices so as to create an appearance of righteousness.

Across these and other approaches, what remains critical is to ensure that the ethics of business is the subject of incisive questioning, critical research, and diverse theoretical development. It is through such scholarly inquiry that the increasingly powerful purview of corporations and business activity can be interrogated, understood and, ultimately, reformulated. This series contributes to that goal by publishing the latest research and thinking across the broad terrain that characterised business ethics.

The series welcomes contributions in areas including: corporate social responsibility; critical approaches to business ethics; ethics and corporate governance; ethics and diversity; feminist ethics; globalization and business ethics; philosophical traditions of business ethics; postcolonialism and the ethics of business; production and supply chain ethics; resistance, political activism and ethics; sustainability, environmentalism and climate change; the ethics of corporate misconduct; the politics of business ethics; and worker’s rights.

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Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS008000
BUSINESS & ECONOMICS / Business Ethics
BUS069030
BUSINESS & ECONOMICS / Economics / Theory