Collapsing system: economy-oriented neoliberalism and environmental crisis

Abstract

In this article, we demonstrate how the contemporary international system has collapsed due to its institutions inability to respond to both economic and environmental crises. We argue that guided by economic and individualistic principles, matured during the 1980s according to economy-oriented neoliberalism paradigm, institutions were unable to implement policies and actions that would meet real social demands and environmental limits. Institutional mentality of the organizations at domestic and international level is based on the neoliberal paradigm, and proved to be obsolete and counterproductive in combating the current crises. One of the main characteristics of this inability to respond institutionally is environmental degradation, whose growth is mainly due to the primacy of economic growth over the social and environmental dimensions.