Reflections on Competition, Competition Regulation and the Current Crises

Hubert Buch-Hansen, Angela Wigger

    Publikation: Bidrag til tidsskriftTidsskriftartikelForskning

    Resumé

    Economists, politicians, business leaders and opinion makers are convinced that
    competition enhances efficiency and maximises social welfare. As a result conditions conducive to the maximisation of competition have been created throughout developed capitalist societies. This article explains how competition came to enjoy such an exalted status in Europe and then challenges conventional wisdom by bringing into focus the downsides of competition. It argues that excessive competition and neoliberal competition regulation have contributed to intensify the economic, political, social and environmental crises currently facing humanity. The implication of the argument is that these crises can only be solved if prevailing notions of competition and its role in society are reconsidered.
    Economists, politicians, business leaders and opinion makers are convinced that
    competition enhances efficiency and maximises social welfare. As a result conditions conducive to the maximisation of competition have been created throughout developed capitalist societies. This article explains how competition came to enjoy such an exalted status in Europe and then challenges conventional wisdom by bringing into focus the downsides of competition. It argues that excessive competition and neoliberal competition regulation have contributed to intensify the economic, political, social and environmental crises currently facing humanity. The implication of the argument is that these crises can only be solved if prevailing notions of competition and its role in society are reconsidered.
    SprogEngelsk
    TidsskriftEmbedded: in Business, Politics & Society
    Vol/bind3
    Udgave nummer1
    Sider36-47
    ISSN2245-0564
    StatusUdgivet - apr. 2013

    Citer dette

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    Reflections on Competition, Competition Regulation and the Current Crises. / Buch-Hansen, Hubert; Wigger, Angela.

    I: Embedded: in Business, Politics & Society, Bind 3, Nr. 1, 04.2013, s. 36-47.

    Publikation: Bidrag til tidsskriftTidsskriftartikelForskning

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