A Post‐Neoliberal European Order? Public Purpose and Private Accumulation in Green Industrial Policy.
This article examines the emerging legal rationalities of EU's green industrial policy, questioning if they represent a departure from the neoliberal paradigm that prioritised safeguarding the competitive order. I argue that the European Green Industrial Plan signals a new role for law in the orches...
| Publicado en: | Modern Law Review Vol. 88; no. 4; pp. 769 - 804 |
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| Formato: | Artículo |
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Wiley-Blackwell
Jul2025
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=186459180&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 186459180 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00267961 D8H jtl: Modern Law Review issn: 00267961 maglogo: Y pubinfo: dt: Jul2025 vid: 88 iid: 4 pid: 480 pub: Wiley-Blackwell artinfo: ui: 186459180 10.1111/1468-2230.12957 ppf: 769 ppct: 35 formats: fmt: – @attributes: type: T – @attributes: type: P size: 405KB tig: atl: A Post‐Neoliberal European Order? Public Purpose and Private Accumulation in Green Industrial Policy. aug: au: Kampourakis, Ioannis su: Environmental policy Sustainable development Industrial policy Investment risk Capitalism sug: subj: Environmental policy Sustainable development Industrial policy Investment risk Capitalism ab: This article examines the emerging legal rationalities of EU's green industrial policy, questioning if they represent a departure from the neoliberal paradigm that prioritised safeguarding the competitive order. I argue that the European Green Industrial Plan signals a new role for law in the orchestration and balancing of public purpose and private accumulation. This shift can be understood through a dual thesis of 'market instrumentalism' and 'political capitalism'. Market instrumentalism denotes the emergence of a regulatory regime that casts off value neutrality, seeking to shape markets in alignment with politically determined objectives. Political capitalism captures how public power politicises private accumulation, particularly through strategies of derisking that ensure private profitability while socialising investment risks. These two theses provide a framework to assess whether and to what extent elements of a post‐neoliberal European order are emerging. While the turn to market instrumentalism promises a demystification of markets, which are relegated from ends to means, the politicisation of private accumulation constrains this dynamic by conditioning instrumentalism on the preservation private profitability. The article concludes with a reflection on how the space opened by green industrial policy could be harnessed to democratise the political economy of the green transition. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y custom: Copyright of Modern Law Review is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. item: Modern Law Review holder: Wiley-Blackwell dt: @attributes: year: 2025 holdings: @attributes: islocal: N |
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