Markets and Democracy: Beyond Neo-Liberalism

Markets and Democracy: Beyond Neo-Liberalism

On May 22, 2013 a lecture by Fred Dallmayr, Packey J. Dee Professor in the Departments of Philosophy and Political Science at the University of Notre Dame and Co-chairman of WPF “Dialogue of Civilizations“ took place at the Department of Political Science, Lomonosov Moscow State University.

In his lecture F. Dallmayr proposed his analysis of neo-liberalism, its intellectual foundations and social consequences including impact of unleashed financial markets on democratic institutions. Atomization of individuals, rupture of social fabric and crisis of democratic governance model brought about by neo-liberal politics are challenging further sustainable development of many regions of the world today.

According to Professor Dallmayr the only reliable way of overcoming problems caused by neo-liberalism is building of a moral economy including such basic notions as respect for one’s neighbor, social responsibility, compassion and empathy.