Constitutional Protection of Capitalism

Constitutional Protection of Capitalism

By: Danny Nicol (author)Hardback

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In 1945 a Labour government deployed Britain's national autonomy and parliamentary sovereignty to nationalise key industries and services such as coal, rail, gas and electricity, and to establish a publicly-owned National Health Service. This monograph argues that constitutional constraints stemming from economic and legal globalisation would now preclude such a programme. It contends that whilst no state has ever, or could ever, possess complete freedom of action, nonetheless the rise of the transnational corporation means that national autonomy is now siginificantly restricted. The book focuses in particular on the way in which these economic constraints have been nurtured, reinforced and legitimised by the creation on the part of world leaders of a globalised constitutional law of trade and competition. This has been brought into existence by the adoption of effective enforcement machinery, sometimes embedded within the nation states, sometimes formed at transnational level. With Britain enmeshed in supranational economic and legal structures from which it is difficult to extricate itself, the British polity no longer enjoys the range and freedom of policymaking once open to it. Transnational legal obligations constitute not just law but in effect a de facto supreme law entrenching a predominantly neoliberal political settlement in which the freedom of the individual is identified with the freedom of the market. The book analyses the key provisions of WTO, EU and ECHR law which provide constitutional protection for private enterprise. It dwells on the law of services liberalisation, public monopolies, state aid, public procurement and the fundamental right of property ownership, arguing that the new constitutional order compromises the traditional ideals of British democracy.

About Author

Danny Nicol is Professor of Public Law at the University of Westminster.


1 Transnational Regimes and the Constitution Two Conceptions of Neoliberalism The Idea of a Constitution A Revolution from Above Transnational Constitutionalism as Insurance The Criterion of Democracy The British Model and Contestability The British Model and Relative Ideological Neutrality The British Model and Accountability Limited Democracy: The Triumph of Hayek Transnational Democracy: Hayek's Heirs? Markets as Democracy? British Exceptionalism? Britain, France and the Ratchet Effect The Ambit of the Argument 2 The World Trade Organisation and the Sanctity of Private Enterprise Assessing the WTO Britain and GATT 1947 GATT: Evolving towards Bindingness From GATT to WTO The World Trade Organization WTO: The Dispute Settlement Understanding The Terms of WTO GATT and Related Agreements GATS Public Procurement Subsidies Conclusion 3 The European Union: A Faithful Expression of the Capitalist Ideal? The Original Indeterminacy of the European Project: Article 345 TFEU Resolving the Indeterminacy EU Law as British Constitutional Law The Free Movement of Goods: Control of Imports Cassis de Dijon Goods, Regulation and the Corporate Role in Constitution-Building Standardisation: A Privatisation of Governance? Free Movement Rights versus Social Rights From Free Movement to a European Economic Policy Public Monopolies and Privatisation Article 106 TFEU EU Legislation Public Procurement State Aid Defining State Aid: Article 107(1) TFEU Justifying State Aid: Article 107(3) TFEU State Aid and the Credit Crunch Neoliberalism and the Open Method of Co-ordination Conclusion 4 'The Fundamental Right of the Well-to-Do': Property as a Human Right Human Rights at the Service of Neoliberalism Property and Democracy: Four Possibilities Disagreements over the Right of Property Ownership, 1950-51 Predominant Purpose of the Property Right: The Protection of Existing Entitlements Transforming the Property Right The Concept of 'Fair Balance' 'Fair Balance' Fused with Proportionality Proportionality and Compensation The Elasticity of 'General Principles of International Law' Compliance: The Evolution of Effective Enforcement Conclusion 5 Neoliberalism as the Constitution The Binding of Parliament Dismantling the Teleological State

Product Details

  • ISBN13: 9781841138596
  • Format: Hardback
  • Number Of Pages: 220
  • ID: 9781841138596
  • weight: 368
  • ISBN10: 1841138592

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