There is no alternative

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There is no alternative was a slogan often used by the Conservative British Prime Minister Margaret Thatcher. In economics, politics, and political economy, it has come to mean that there is no alternative to neoliberalism – that free markets, free trade, and capitalist globalization are the best or the only way for modern societies to develop.


  • Let's go back to our point of departure: the contested issues of freedom and rights, hence sovereignty, insofar as it's to be valued. Do they inhere in persons of flesh and blood or … in abstract constructions like corporations, or capital, or states? In the past century the idea that such entities have special rights, over and above persons, has been strongly advocated. The most prominent examples are Bolshevism, fascism, and private corporatism… Two of these systems have collapsed. The third is alive and flourishing under the banner TINA—There Is No Alternative to the emerging system of state corporate mercantilism disguised with various mantras like globalization and free trade.

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