Skip to main content Accessibility help
×
Home
Hostname: page-component-6c8bd87754-clkrv Total loading time: 0.366 Render date: 2022-01-17T02:23:09.186Z Has data issue: true Feature Flags: { "shouldUseShareProductTool": true, "shouldUseHypothesis": true, "isUnsiloEnabled": true, "metricsAbstractViews": false, "figures": true, "newCiteModal": false, "newCitedByModal": true, "newEcommerce": true, "newUsageEvents": true }

1 - Introduction: The Politics of Advanced Capitalism

Published online by Cambridge University Press:  05 May 2015

Pablo Beramendi
Affiliation:
Duke University
Silja Häusermann
Affiliation:
University of Zurich
Herbert Kitschelt
Affiliation:
Duke University
Hanspeter Kriesi
Affiliation:
European University Institute
Pablo Beramendi
Affiliation:
Duke University, North Carolina
Silja Häusermann
Affiliation:
Universität Zürich
Herbert Kitschelt
Affiliation:
Duke University, North Carolina
Hanspeter Kriesi
Affiliation:
European University Institute, Florence
Get access

Summary

In the concluding chapter of the 1999 volume Continuity and Change in Contemporary Capitalism, the then-editors affirmed that the most challenging part of the characterization of contemporary capitalism is to determine “how the cross-sectional patterns of variation, locked in through intricate pathways of industrialization and democratization, are shaped by growing global interdependence and domestic political and socioeconomic change” (Kitschelt et al. 1999: 427). Today, almost two decades later, the task at hand seems even more daunting, as advanced capitalism is caught up in an accelerating flux, induced by both external constraints as well as the internal dynamics of its political forces and institutional reforms.

In a process accelerated by the Great Recession, virtually every essential aspect of advanced political economies is undergoing fundamental, and potentially far-reaching, transformations. From the demographic tenets of society, through partisan loyalties or the organization of labor markets and economic institutions, to education, tax, and social protection systems, everything seems to be in a process of fundamental change and in need of either adaptation or radical reform. The cross-national variation in institutional arrangements seems to have shifted from frozen landscapes to a complex, hybrid, and morphing configuration of elements taken from different places and “models.” What were previously understood as stable and rather self-contained “models” of economic growth, distribution, and risk management are now giving way to unprecedented combinations across such models with unanticipated consequences for economic performance as much as individual citizens' life chances.

A full understanding of these processes requires revisiting existing accounts of the cross-national variation among advanced political economies. While the current reconfiguration may no longer conform to any of the models highlighted in the previous literature on the post–World War II past of today's most affluent democracies, and while current developments may even make us reconsider how these models need to be characterized in the first place, the stream of new evidence does not, however, warrant the conclusion that current transformations are either random or a signal of convergence on a single institutional equilibrium.

Type
Chapter
Information
Publisher: Cambridge University Press
Print publication year: 2015

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)
26
Cited by

Send book to Kindle

To send this book to your Kindle, first ensure no-reply@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about sending to your Kindle.

Note you can select to send to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be sent to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Send book to Dropbox

To send content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about sending content to Dropbox.

Available formats
×

Send book to Google Drive

To send content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about sending content to Google Drive.

Available formats
×