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Welfare state and capitalist crisis

Christopher Lloyd

    Research output: Chapter in Book/Report/Conference proceedingChapterResearch

    Abstract

    Four main tendencies or transformations, running to some extent counter to each other, have been evident throughout the crisis of Western capitalism since 2008 and which have roots from well before the crash. Do they together point to something fundamental about the trajectory of the world political economy today and into the future, with profound consequences for Western welfare states? More particularly, has the Western welfare/developmental state model been wounded fatally by the crisis and by the deeper instabilities that the crisis revealed? The answer depends on the nature of the crisis and on the deeper tendencies within the West and within capitalism as a wider world of structural tendencies.
    Original languageEnglish
    Title of host publicationRetrenchment or renewal? Welfare states in times of economic crisis
    EditorsGudmundur Jonsson, Kolbein Stefansson
    Place of PublicationHelsinki, Finland
    PublisherNordic Centre of Excellence - NordWel
    Pages48-66
    Edition1
    ISBN (Print)9789521086755, 9789521089831
    Publication statusPublished - 2013

    Publication series

    NameNordWel Studies in Historical Welfare State Research
    Number6
    ISSN (Electronic)1799-4691

    Keywords

    • Social Change
    • Comparative Government and Politics
    • Political Theory and Political Philosophy

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