CAPITALISM & CORPORATE GOVERNANCE /
Regoverning markets
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Varieties of Capitalism & Corporate Governance
Skyline of Rio de Janiero, where manufactured austerity associted with neoliberalism has accelerated inequality in ways that have become conspicuously difficult to hide.
Around the world there is great variety in systems of production and the organisation of work. The institutions of labour regulation intersect with the mechanisms of corporate governance at two levels: the level of the firm (constitution and governance of the firm and influence of workers in workplace decision-making), and at the level of the market (the degree to which employment conditions are centrally regulated across the labour market generally, or left for self-regulation between employers, unions and workers in particular industries, occupations, sectors or enterprises).
The relationship between corporate governance and the management of labour has received renewed attention in the past decade or so. Locally, this is partly due to a stream of high profile corporate collapses which have left employees out of pocket as regards wages and other entitlements. Labour lawyers’ attention has been drawn to the corporate form itself and how its manipulation through, for example, deliberate asset stripping and the use of group structures might be used to achieve certain industrial relations ends, and thence to the question of how employees’ claims can be strengthened as against the rights conferred by corporate law on shareholders and secured creditors in such circumstances.
My research in this area has focussed on the ways that the organisation of work is impacted by styles of corporate governance.
See also my blog posts under the keyword 'Varieties of Capitalism and Corporate Governance.'
Regoverning markets
The basic dynamics and conditions that wrought the 2008 GFC have never been significantly altered, let alone offically acknowledged.
Recent decades have seen the frequency of major financial crises that spill across national borders rise to historically unprecedented levels. The appearance of spectacular panics and crashes in the financial arena due to processes of market disembedding is a long-standing historical phenomenon. The crisis of 2008–09 placed particular focus on how these processes occurred in the financial arena, generating remarkable instability.
My research on Regoverning Markets focuses on the ways that markets can be regoverned to lower inequality and instability for workers.
See also my blog posts under the keyword 'Regoverning Markets.'