Making Capitalism Fit For Society

Making Capitalism Fit For Society


By (author) Colin Crouch

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  • Publisher: Polity Press
  • Format: Paperback | 216 pages
  • Dimensions: 136mm x 210mm x 18mm | 280g
  • Publication date: 7 October 2013
  • Publication City/Country: Oxford
  • ISBN 10: 074567223X
  • ISBN 13: 9780745672236
  • Sales rank: 250,668

Product description

Capitalism is the only complex system known to us that can providean efficient and innovative economy, but the financial crisis hasbrought out the pernicious side of capitalism and shown that itremains dependent on the state to rescue it from its owndeficiencies. Can capitalism be reshaped so that it is fit forsociety, or must we acquiesce to the neoliberal view that societywill be at its best when markets are given free rein in all areasof life? The aim of this book is to show that the acceptance of capitalismand the market does not require us to accept the full neoliberalagenda of unrestrained markets, insecurity in our working lives,and neglect of the environment and of public services. Inparticular, it should not mean supporting the growing dominance ofpublic life by corporate wealth. The world s most successfulmature economies are those that fully embrace both the disciplineof the market and the need for protection against its negativeoutcomes. Indeed, a continuing, unresolved clash between these twoforces is itself a major source of vitality and innovation foreconomy and society. But maintenance of that tension depends on theenduring strength of trade unions and other critical groups incivil society - a strength that is threatened byneoliberalism s increasingly intolerant onward march. Outlining the principles for a renewed and more assertive socialdemocracy, this timely and important book shows that realpossibilities exist to create a better world than that which isbeing offered by the wealthy elites who dominate our public andprivate lives.

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Author information

Colin Crouch is Professor Emeritus at the University of Warwick, and the External Scientific member of the Max-Planck-Institute for Social Research at Cologne.

Review quote

"Crouch has offered another powerful contribution to the debateabout the choices that we face." LSE Review of Books "A new book explains why attempts by western countries to 'ringfence' themselves against immigration are failing" John Moore, Morning Star "A lively argument, sometimes sour, sometimes hopeful, but alwaysbacked up by telling facts on the future of capitalistsociety." Richard Sennett, London School of Economics "Faced by a dominant neo-liberal ideology and stripped of ahistoric agent, social democracy needs to transform itself. ColinCrouch is unique in his ability to dissect the dilemmas and suggestpositive strategies. Making Capitalism Fit For Society is thebest book so far for anyone wanting to start the journey ofrenewal." Neal Lawson, Chair of Compass "A very good book with many thoughts for a more social policyin Europe" CLR

Table of contents

Preface vi Acknowledgements xi 1 From a Defensive to an Assertive Social Democracy 1 2 We Are All (Partly) Neoliberals Now 23 3 Marketization and Market Inadequacies 49 4 Capitalism and the Welfare State 63 5 The Welfare State of Assertive Social Democracy 91 6 Confronting Threats and Enemies 113 7 Social Democracy as the Highest Form of Liberalism 134 8 What About the Party? 163 9 A Feasible Prospectus? 175 Index 193