Cronyism through Financialization: Turkey’s Neoliberal Transformation from Özal to Erdoğan

Justice and Development Party’s (AKP) once hailed rule is criticized today by the ahistoric argument that it revitalized the Turkish state’s rooted cronyism. This article identifies instead the historically specific characteristics of AKP cronyism by comparing it with the cronyism of Özal years within the context of neoliberal financialization processes. It argues that while setting up its crony political Islamist rule thanks to neoliberal institutional “reforms”, the AKP has also served the constitution of capital’s enhanced financialized discipline over the society and state, a discipline that started drawing strict class limits to the party’s own political aspirations since the 2010s.
Social Research


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Citation Formats
P. Bedirhanoğlu Toker, “Cronyism through Financialization: Turkey’s Neoliberal Transformation from Özal to Erdoğan,” Social Research, vol. 88, no. 2, pp. 359–379, 2021, Accessed: 00, 2021. [Online]. Available: