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The subsequent decades of the 1980s and 1990s saw profound transformations in both the growth and representation regimes – shifting the relationship between capitalism and democracy and ushering in a different set of distributive outcomes.
May 16, 2019 · It points to the periodizations emanating from the non-Marxist literature a-la-Bell: pre-industrial, industrial, and post-industrial society; and to periodizations in Marxist writings: competitive capitalism, monopoly capitalism, and late capitalism.
- Richard Westra
- 2019
- Abstract
- Representation regimes
- Dynamics
- Acknowledgements
This paper argues that the relationship between capitalism and democracy is not immutable but subject to changes over time best understood as movements across distinctive growth and representation regimes. Growth regimes are the institutionalized practices central to how a country secures economic prosperity based on complementary sets of firm str...
Two issues are central to contemporary debates about the relationship between capitalism and democracy. The first, normally given the most attention, is: how much control do democratic governments exert over capitalist economies? But, since democracies are representative systems designed to speak for a popular will, an equally important issue is...
This account is revealing about the dynamics through which capitalism and democracy change. Growth regimes and representation regimes are mutually constitutive of each other. As a result, the process whereby they change is marked by multiple endogeneities rather than stark lines of causality. Firm strategies at the heart of growth regimes respon...
For comments on a draft of this paper, I am grateful to Peter Gourevitch, Deborah Mabbett, Jonas Pontusson, Mark Schwartz, Waltraud Schelkle, Ron Rogowski, Yeling Tan and Nicholas Ziegler. Georgina Evans provided helpful research assistance.
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- 54
This article explores how a specific strand of neoliberal-oriented intellectuals, namely those who revolved around the Mont Pèlerin Society (MPS), conceptualised the EEC policies between the 1980s and the early 1990s.
May 22, 2024 · Whereas the Golden Age of Capitalism was characterized by cooperation and sociopolitical expansion, the neoliberal program fits on a beer coaster: “When everyone thinks of himself, everyone is thought of.” The 1980s and 1990s thus saw a different, colder wind blow through political economies.
This chapter seeks to enrich our understanding of popular capitalism by bringing the 1990s into the picture, in particular the demutualization of the building societies, which resulted from the 1986 Building Societies Act.
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May 24, 2016 · In a process unfolding over multiple stages – Thatcher (1979), Reagan (1980), and the Washington Consensus (1990) being particularly visible milestones – capitalism decoupled itself from democratic governance, step by step, from its social obligations and its political embedding (Streeck 2014, pp. 1, 5).
