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economic development threats and opportunities经济发展的威胁和机遇
Beijing Law Review, 2012, 3, 121-127
/10.4236/blr.2012.33016 Published Online September 2012 (http://www.SciRP.org/journal/blr)
Economic Development: Threats and Opportunities
Vincenzo Ruggiero
Department of Criminology and Sociology, Middlesex University Hendon Campus, London, UK.
Email: V.Ruggiero@mdx.ac.uk
Received May 14th, 2012; revised June 18th, 2012; accepted June 28th, 2012
ABSTRACT
Economic initiative, by definition, is a human and social effort devoted to the collective wellbeing. However, economic
development in general, along with more or less measurable benefits, may cause harm to people and the environment.
This aspect tends to be obscured by advocates of the currently predominant philosophy (or ideology) known as
neo-liberalism. This paper sets off with a critical analysis of the axioms of neo-liberalism focusing on the variable risk
and on the harm provoked by economic development on the environment. Straddling legality and illegality, harmful
economic conduct is then equated to a specific form of white collar crime, while an attempt is made to trace in the his-
tory of economic thought itself the embryo of a destructive rationale. After considering how harm to individuals and the
environment is hidden through ideological strategies, the paper looks at some refreshing proposals to turn the threats of
economic development into human opportunities.
Keywords: Neo-Liberalism; Risk; Law; Economy; Valueless Lives
1. Axioms and Risk As for the enormous mismatch between technological
and economic potentials and the actual life conditions of
As an ideology, neo-liberalism serves to legitimise eco-
the population of the earth, the “trickle down” principle
nomic conduct by conferring
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