Beschreibung:
Helen Callaghan is a senior research fellow at the Max Planck Institute for the Study of Societies. She studied Philosophy, Politics, and Economics (PPE) at the University of Oxford, obtained her Ph.D. in Political Science from Northwestern University and enjoyed a Max Weber Fellowship at the European University Institute before joining the MPIfG. Her research focuses on the politics of corporate governance in advanced industrialized economies. She has publishedpeer reviewed articles in Comparative Political Studies, Comparative European Politics, Journal of European Public Policy, Review of International Political Economy, Socio-Economic Review, and West European Politics.
Since the early 1980s, governments worldwide have taken many measures to expand the role of markets. Recent political events reflect widespread disenchantment with neoliberal policies, but it remains doubtful whether populist leaders will deliver the market restraints that many of their voters expect. This book explains the resilience of marketization processes by highlighting the role of profiteers- namely those who, like the organizer of a cock fight, benefit fromcontests regardless of who wins. By setting up shop on the sidelines, profiteers accumulate resources that boost political efforts to maintain and expand the arena of competition. Evidence comes from the evolution of support for shareholder rights relating to takeover bids among key interest groupsand political parties in three countries since the late nineteenth century.
This book highlights the role of "profiteers" in political efforts to expand market-based competition. Political struggles surrounding the gradual marketization of corporate control in Britain, Germany and France from the 1860s provide empirical illustration.
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