Na de ‘Washington Consensus’ uit de jaren ’90 - privatiseer zo veel mogelijk staatsbedrijven en laat kapitaal makkelijk vloeien tussen landen - is er nu sprake van een opvolger: de ‘Silicon Valley Consensus’. Die draait om het laten vallen van nationale regelgeving om het techbedrijven (Uber, Airbnb) zo makkelijk mogelijk te maken.
Remember Washington Consensus? It was the theory in vogue in the 1990s, espousing the need to deregulate and privatize economies, from Argentina to New Zealand, in the name of economic efficiency and market superiority.
The Great Recession of 2008 has swept away a good portion of this intellectual structure. Companies the size of General Motors and Citibank have had to be rescued by those nation states that were supposed to be outdated and receding, both in Europe and the United States. The idea of “too big to fail” imposed itself — a term hitherto absent in the Washington Consensus glossary.
It seemed that bankruptcy procedures — the dungeon of capitalism — did not apply to inefficient, over-indebted and poorly run companies. No, rather they were sent to the protective embrace of governments of any ideological hue. Thus marked the end of the famous consensus.
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