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- Author: Seán Ó Riain x
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This chapter traces many of the deepest difficulties that Europe and Ireland face in escaping the crisis to the difficult interactions between the worlds of capitalism within Europe. Ireland's recovery from the economic crisis will bring it face to face again with the question of where it will be located within the worlds of capitalism. Ireland's place within capitalism is defined by its relations with the centres of the global economy. Ireland's place within capitalism is also defined by the broader and deeper structures of its political economy and, in particular, the social contract in the society as a whole. The chapter shows that there are significant differences in the underlying social contracts across the various worlds of capitalism in Europe. In order to protect liberal values in the broadest sense in Europe, European economies and societies will need to rediscover their own distinctive 'non-liberal' policies, institutions and social contracts.