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Indeed I suggest that it is not the trente glorieuses but the series of crises which followed that represents the normal condition of democratic capitalism—a condition ruled by an endemic conflict between capitalist markets and democratic politics, which forcefully reasserted itself when high economic growth came to an end in the 1970s.
- A Material World
- Boom and Bust
- Laws of Motion
- Winners and Losers
- The Keynesian Challenge
- Marxism Today
The corpus of Marx’s work and the breadth of his concerns are vast, and many of his ideas on topics such as human development, ideology, and the state have been of perennial interest since he wrote them down. What makes Marx acutely relevant today is his economic theory, which he intended, as he wrote in Capital, “to lay bare the economic law of mo...
The postwar boom, it appears, was not built to last. It ultimately came to an end with the stagflationary crisis of the 1970s, when the preferred economic policy of Western social democracies- Keynesian state management of demand- seemed incapable of restoring full employment and profitability without provoking high levels of inflation. In response...
Marx did not just predict that capitalism would lead to rising inequality and relative immiseration. Perhaps more important, he identified the structural mechanisms that would produce them. For Marx, competition between businesses would force them to pay workers less and less in relative terms as productivity rose in order to cut the costs of labor...
In 1957, at the height of Western Europe’s postwar boom, the economist Ludwig Erhard (who later became chancellor of West Germany) declared that “prosperity for all and prosperity through competition are inseparably connected; the first postulate identifies the goal, the second the path that leads to it.” Marx, however, seems to have been closer to...
Marx’s overall worldview left little room for politics to mitigate the downsides of capitalism. As he and his collaborator Friedrich Engels famously stated in The Communist Manifesto, “The executive of the modern state is but a committee for managing the common affairs of the whole bourgeoisie.” Until recently, governments in the West seemed to be ...
Today, the question of whether politics can tame markets remains open. One reading of the changes in advanced economies since the 1970s is that they are the result capitalism’s natural tendency to overwhelm politics, democratic or otherwise. In this narrative, les Trente Glorieuses were a fluke. Under normal conditions, efficiency, full employment,...
Les Trente Glorieuses (French pronunciation: [le tʁɑ̃t ɡlɔʁjøz]; 'The Glorious Thirty') was a thirty-year period of economic growth in France between 1945 and 1975, following the end of the Second World War.
Indeed I suggest that it is not the trente glorieuses (Judt 2005) but the series of crises that followed that is representative of the normal condition of demo-cratic capitalism. That condition, I maintain, is ruled by an endemic and essentially irreconcilable conflict between capitalist markets and democratic politics that, having
- Wolfgang Streeck
- 2011
Nov 30, 2011 · Indeed I suggest that it is not the trente glorieuses but the series of crises which followed that represents the normal condition of democratic capitalism—a condition ruled by an endemic conflict between capitalist markets and democratic politics, which forcefully reasserted itself when high economic growth came to an end in the 1970s.
- Robin Varghese
suggest that it is not the trente glorieuses (Judt 2005) but the series of crises that followed that is representative of the normal condition of democratic capitalism. That condition, I maintain, is governed by an endemic and essentially irreconcilable conflict between capitalist markets and democratic politics that, having been temporarily ...
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The French economist Jean Fourastié called them ‘ les trente glorieuses ’. The Germans and the Italians coined the words Wirtschaft swunder and miracolo economico, respectively.
