| Abstract: | Free markets and liberalism in Europe both emerged as the result of a particular combination of structural, cultural and personality variables. Both functioned relatively successfully because they operated within the framework of certain assumptions about the nature and acceptable limits of self-interest. These assumptions are now collapsing, in part as a function of internal contradictions in liberal capitalism itself, and, in part, as a function of the challenge of new elites which have become increasingly significant in advanced capitalist societies. |
