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Resisting neo-liberalism, reclaiming democracy? 21st-century organised labour beyond Polanyi and Streeck

Published online by Cambridge University Press:  01 January 2023

Christopher Lloyd  and
Tony Ramsay
Christopher Lloyd*
Affiliation:
University of New England, Australia; University of Tampere, Finland
Tony Ramsay
Affiliation:
University of New England, Australia
*
Christopher Lloyd, Business School, University of New England, Armidale, NSW 2351, Australia. Email: chris.lloyd@une.edu.au
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Abstract

Despite its greatly weakened condition, could organised labour again be counter-hegemonic to and ultimately transformative of capitalism? Or is the current crisis, a crisis of collapse of manufacturing and wages and under-consumption due to the loss of redistributive power by key socio-political agents, possibly the final crisis of unionism, as argued by Wolfgang Streeck? Some on the political left, such as Streeck, argue that a new phase has been reached where redistributive and oppositional power of organised labour has been not just defeated but destroyed, with enormous consequences for the future of workers and capitalism itself. This article rejects such an overly pessimistic interpretation and asks what the possibility is of the labour movement’s again playing its historic role of transforming capitalism. It explores the potential role of organised labour in re-embedding the economy within democratic society, as Karl Polanyi argued, and building a socio-economic structure that is both stable and enhancing of social and environmental health. This problem is approached through a critique of the theories of Polanyi and Streeck and an examination of the unfortunate embrace of labourism and accommodation to neo-liberalism in the Australian labour movement.

Keywords

L5Counter-hegemonylabourismneo-liberalismorganised labourPolanyisocial democracyStreeck
Type
Workers and neoliberalism
Information
The Economic and Labour Relations Review , Volume 28 , Issue 1 , March 2017 , pp. 129 - 145
Copyright
Copyright © The Author(s) 2017

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