Abstract How has Greece implemented neo liberalist and new constitutionalist policies into their government in response

to the Euro zone crisis?

The central argument of this paper is that the present state of international affairs, both political and the administration of justice, is dictated by new constitutionalism and neo liberalism. Our paper will use Greece as a focusing lens in fleshing out how the current global political economy has become a combination of the self-regulating market system of the 19th century and entirely contemporary neo liberalist policies. We shall make the argument that this relationship is dysfunctional and has unachievable goals originating from big capital and democracy which are intrinsically contradictory. One aspect of neo-liberalism has been the growth in the power of capital worldwide which has been reshaping the economic landscape in regards to power relations, re-distribution of wealth and increased patterns of social and economic inequality. To that end, there has been a sea change in how capital is being spent as governments are transforming their programs into more market-based structures. This can be seen directly through big capital’s bargaining power in relation to the labor force, as well as indirectly, such as government‘s role in stock and bond markets. In terms of new constitutionalism there is a movement to support global economic governance through the emphasis of supporting the state in providing a more stable environment for capital. The general political and economic goals of new constitutionalism are encapsulated in governments and market participants operating according to high forms of transparency and governance. New constitutionalism relies heavily on the private sector both foreign and domestic with the hope of mobilizing resources for investment and growth. The nature of our paper will link together the diverse forces across nations and within Greece in connection to neo liberalism and new constitutionalism and how it will shape global politics in the years to come.

Group members: Trevor Moomaw, James Dilling, Andrew Reichard, Bianca Kruggel

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