Book

Capitalists against Markets

Peter A. Swenson

Published in print October 2002 | ISBN: 9780195142976
Published online November 2003 | e-ISBN: 9780199872190 | DOI: https://dx.doi.org/10.1093/0195142977.001.0001

Series: International Policy Exchange Series

Capitalists against Markets

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Challenges the conventional wisdom that welfare state builders take their cues solely from labor and other progressive interests. It argues instead that pragmatic social reformers in the U.S. and Sweden looked for support from above as well as below, taking into account capitalists’ interests and preferences in the political process. Legislation associated with the American New Deal and Swedish social democracy was built, consequently, on cross‐class alliances of interest. Capitalists in both countries appreciated the regulatory impact of reformist social and labor legislation. Their interests in such legislation derived from their distinct systems of labor market governance. Thus, new theory and historical evidence in this book illuminate the political conditions for greater equality and security in capitalist societies.

Keywords: capitalists; cross‐class alliances; labor markets; labor unions; New Deal; politics; regulation; social democracy; Sweden; United States; welfare state

Book.  448 pages.  Illustrated.

Subjects: US Politics

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Table of Contents

A Historical Puzzle in Capitalists against Markets

Chapter

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Managerial Control in Capitalists against Markets

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Employers Unite in Capitalists against Markets

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Cross‐Class Alliance in Capitalists against Markets

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Egalitarian Employers in Capitalists against Markets

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Cartelism and Market Control in Capitalists against Markets

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World War and Class Politics in Capitalists against Markets

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The New Deal for Market Security in Capitalists against Markets

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