Chapter

Solidarity, Segmentation, and Market Control

Peter A. Swenson

in Capitalists against Markets

Published in print October 2002 | ISBN: 9780195142976
Published online November 2003 | e-ISBN: 9780199872190 | DOI: http://dx.doi.org/10.1093/0195142977.003.0002
 Solidarity, Segmentation, and Market Control

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This chapter develops an alternative theory about welfare state development, which posits that reformers try to root their legislation in cross‐class alliances intersecting the internally diverse interests of capital and labor. Reformers appeal to interests in progressive reform deriving from capitalists’ desire for regulation of markets. The theory about the politics of the welfare state draws on labor economics, arguing that macroeconomic shocks to systems of labor market governance (various forms of collective bargaining and managerial relations) create an opportunity for politicians to enlist capitalist support for regulatory assistance through social insurance and labor reform.

Keywords: collective bargaining; cross‐class alliances; employers; management; interests; labor economics; politics; regulation; welfare state

Chapter.  13090 words. 

Subjects: US Politics

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