Markets, Rights and Power: The Rise (and Fall?) of the Anglo-American Vision of World Order, 1975-2005. CES Working Paper, no. 164, 2008

Cronin, James. (2008) Markets, Rights and Power: The Rise (and Fall?) of the Anglo-American Vision of World Order, 1975-2005. CES Working Paper, no. 164, 2008.

Abstract

The so-called “special relationship” has been a fixture of international relations since at least 1940, but it seemed of declining significance during the 1960s and 1970s. It has nevertheless been re-vived, even refounded, since then; and it has served as the strategic base on which a new Anglo-American vision of the world has been articulated. At the core of the new connection, and the vision to which it gave rise, is a strong preference for the market and a set of foreign and domes-tic policies that privilege markets and see their expansion as critical to peace, prosperity and the expansion of democracy. This essay examines the origins of this new paradigm as a response to a set of interrelated crises in the 1970s, its elaboration and application during the 1980s under Rea-gan and Thatcher, its curious history since the end of the Cold War, and the way it evolved into the failed policies of the post-9/11 era.