Europe, the Market and the Transformation of Democracy
Europe, the Market and the Transformation of Democracy
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欧洲、市场和民主转型
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发表时间:
2005
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影响因子:
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通讯作者:
W. Bonefeld
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作者:
W. Bonefeld
Padoa-Schioppa’s (1994: 191) characterisation of EMU summarises the concerns of my essay well: ‘subsidiarity, not the Leviathan, is the catchword for European political union’. He explains that EMU is based on a collective decision-making process that both undercuts national plurality of decision-making and encourages competition between territorially segmented national labour markets. This double movement is anchored in the institutional structure of EMU that combines the supranational regulation of money with national state responsibility for competitive labour markets. Padoa-Schioppa neoMachiavellian view of EMU as a depersonalised ‘collective prince’ (p. 151) is apt. EMU appears indeed to reduce the political to politics, to the sphere of technical control and management of power which rests on a set of rules outside direct democratic control. The ECB cannot be given instruction by any democratic body. It appears as if it were a court of law rather than an instrument of public policy (cf. Grahl, 1997). Its objective is to enhance and guarantee the credibility of monetary policy. ‘One way to bolster credibility . . . is to assign the responsibility for monetary policy to an institution that is not subject to political influence’ (Padoa-Schioppa, 1994: 188). A credible monetary policy and democracy appear thus mutually exclusive: for monetary policy to be credible, its conduct outside democratic processes of policy making appears to enhance its standing. Democracy is thus deemed to render monetary policy incredible, at least there is the risk of political manipulation, politicising monetary policy and thereby distorting the so-called self-regulating capacity of the market, favouring ‘special interests’. EMU, then, is seen to offer constitutionally safeguarded rules that protect monetary relations from ‘non-market’ encroachments. The guarantee of its safe and effective functioning is furnished by economic experts whose conduct is shielded from democratic influence and interference. EMU amounts thus to an institutionally embedded and technocratically regulated