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Liberalism: The Financial Sphere Does Not Practice What It Preaches

  • Marc ChesneyEmail author
Chapter
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Abstract

This chapter analyses how the financial sector contradicts liberal doctrine principles through anti-democratic dynamics and illustrates that this sector does not practice what it preaches. Prof. Chesney denounces the financial oligarchy’s powerful lobbying practices and outrageous compensation schemes and calls attention to exorbitant global debt levels and their consequences.

Keywords

Liberalism Neoliberalism Financialisation of the economy Globalisation Subsidies Big banks Ludwig von Mises Friedrich von Hayek Adam Smith 

Bibliography

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  1. 1.Department of Banking and FinanceUniversity of ZurichZürichSwitzerland

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