Are we all neoliberals now? 'Responsibility' and corporations

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Description: The key aspects here would be an emphasis on competitive markets as the most efficient way of organising the allocation of resources; the liberalisation and de-regulation of economic activities; and the privatisation of previously publicly owned assets. Not only are companies vulnerable to the normal exercise of discipline via the mechanisms of merger and acquisition activity, and the traditional market for corporate control; they are also under renewed pressure from activist investors, often backed by hedge funds, private equity funds and sovereign wealth funds.
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