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

Christopher Lloyd and Tony Ramsay
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Christopher Lloyd: University of New England, Australia; University of Tampere, Finland
Tony Ramsay: University of New England, Australia

The Economic and Labour Relations Review, 2017, vol. 28, issue 1, 129-145

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: Counter-hegemony; labourism; neo-liberalism; organised labour; Polanyi; social democracy; Streeck (search for similar items in EconPapers)
JEL-codes: L5 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:ecolab:v:28:y:2017:i:1:p:129-145

DOI: 10.1177/1035304617693800

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