The Origins of Turkey’s “Heterodox” Transition to Neoliberalism: The Özal Decade and Beyond

This article examines the origins of Turkey’s neoliberal transformation in world-historical perspective by highlighting interactions between the crisis of U.S. hegemony, social and political movements in Turkey, and Turgut Özal's political career as the architect of the country’s neoliberal reforms. I argue that Turkey’s neoliberal transition during the “Özal Decade (1980-1989/1993)” was not primarily related to resolving the profitability crisis of the existing national bourgeoisie (Istanbul-based industrial bourgeoisie) or reconstituting class power in favor of this segment of capital. The Turkish neoliberal project was more concerned with establishing a stable political-economic environment that would help Turkey's political society reassert its hegemony over civil society and allow for the penetration of the changing interests of the world-hegemonic power in the region. Because of these social and geopolitical concerns, Turkey's neoliberal reforms (1) contributed to the development of an alternative/rival segment of national bourgeoisie which had the potential to co-opt radicalized Islamic movements, (2) aimed at creating a large middle class society (instead of shrinking it), (3) utilized populist attempts at redistribution to lower segments of society to co-opt the grievances and anger of the masses. As a paradoxical consequence of these dynamics, income inequality decreased during Turkey’s transition to neoliberalism. Neoliberal reforms in the post-Özal period – with similar “heterodox” features – resurrected and further deepened during “the Erdoğan decade” (2002-present) although Erdoğan did not share a single aspect of Özal’s professional career as a neoliberal technocrat.

ReadCiteExport

Add to List

The content you want is available to Zendy users.

Already have an account? Click here to sign in.

Sign up to Zendy

Having issues? You can contact us here