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Debt and crisis: Socio-economic critique of neoliberal transformation in Poland
Published online by Cambridge University Press: 01 January 2023
Abstract
The article offers an analysis of the processes of neoliberal transformation, or the transition from ‘real socialism’ to ‘real capitalism’, which took place roughly three decades ago in Central-Eastern Europe, with particular consideration given to Poland. The key to a sociological understanding of capitalist modernisation is the combination of two perspectives present in social sciences: analysis in terms of shock therapy and the prospect of debt. Referring to the concepts of the ‘rent theory of ownership’, the role of foreign debt, creditor–debtor relations and the resulting crisis are submitted to analysis as the key factors of modernisation. Finally, the social, political and cultural consequences of the neoliberal transformation are also considered. These are argued to be growing right-wing populist and authoritarian tendencies.
Keywords
- Type
- Original Articles
- Information
- The Economic and Labour Relations Review , Volume 31 , Issue 2: Special Issue: Capitalism after Communism: Europe & the World 1989 - 2019 , June 2020 , pp. 211 - 229
- Copyright
- Copyright © The Author(s) 2020
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