Similarities Between Neo-Capitalism And Neo-Liberalism

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Despite the fact that there are some similarities between neo-realism and neo-liberalism, it shall be the differences between these theories that will be the focus of my attention, as it will help me to determine more rigorously which of the arguments is the more convincing. The points of comparison shall be the effects of the anarchical international system, and thus, the extent to which cooperation can be achieved, the importance of relative and absolute gains, the conflict between state capabilities and interests, and finally the importance of institutions and regimes. It is important to note that neo-realism is often also called structural realism, and neo-liberalism neo-liberal institutionalism. As the question prefers to call the theories neo-realism and neo-liberalism, this is what I shall do throughout.

The first thing to consider is the effects of the international system, and what this means for the prospects of cooperation. Lamy asserts that “both [neo-realism and neo-liberalism] agree that the international system is anarchic”. I question that the
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I feel they are right to assert that cooperation will only occur if sates want it to, and do not agree that it is always within state interest to cooperate. I am certain that relative gains are an important consideration for certain states and cannot be ignored. It appears that states focus on the capabilities of other states because these are easier to measure than intentions. Nor am I convinced that institutions will continue to play a vital role in checking the actions of states. To put it another way, maybe, as all liberalisms are prone to do, the problem with neo-liberalism is that it focuses on how the world “ought” to be, rather than how it is. I happen to believe that neo-realist focus on anarchy as the dominating force in the international system is a more accurate reflection of the world we live
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