(PART 2)
It is obvious,
however, that the latter view, which is at the moment the dominant one, is
ignorant of the parameters set by the institutional framework. Given that, as I
attempted to show, the neoliberal consensus is not just a policy change but a
structural change imposed by the internationalisation of the market economy, the
basic elements of the neoliberal consensus and, in particular, the elements of
flexible markets and minimum social controls on markets, will never go away
within an internationalised market economy. But, a market economy today can only
be an internationalised one, given that the growth (and therefore profitability)
of the TNCs, which control the world market economy, depends on the continuous
expansion of world markets. However, as long as the market economy has to be an
internationalised one, markets have to be as open and as flexible as possible.