By James S. Fishkin
3 universal assumptions of either liberal thought and political debate are the autonomy of the kin, the main of benefit, and equality of existence possibilities. Fishkin argues that even below the easiest stipulations, dedication to any of those ideas precludes the 3rd.
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Extra resources for Justice, Equal Opportunity and the Family
Data and information compiled from the author’s research trips to Syria are presented in the chapter to highlight the economic sectors to which private-sector–led investment went to. The chapter also presents statistics pertaining to licensed and executed investment projects under Law No. 10 of 1991. More importantly, interviews conducted by the author with Syrian experts and state officials are crucial for understanding the investment climate and the reasons behind amending the investment law during the Assad regimes.
All along, economic liberalisation was conducted in a selective and carefully tailored way according to the ruling elite’s political calculations. Economic considerations, in short, were always subordinated to political rationality in Syria. After the fall of the ‘Soviet project,’ the Syrian state bourgeoisie pushed for market-friendly reforms according to the dictates of neoliberalism. Chapter 5 also tackles Investment Law No. 10 of 1991, a salient reform measure that paved the way for Syria’s transformation from state capitalism to private capitalism.
This approach incorporates the ‘circulating’ aspect of investment in the sense that it 30 Review of the Theoretical Framework 31 emphasises that investment is not static but in constant fluctuation. Profit maximisation, however, remains the driving force behind the decision to invest. In Syria, a country that has always been in an official state of war, market asymmetries and transaction costs overwhelm and annul the equilibrium price, which could hardly exist anywhere. With little capital to provide supply, low productivity and wages, demand management alone can do little to push up income and induce Syrian investment.
Justice, Equal Opportunity and the Family by James S. Fishkin