The Institutional Crisis of the Corporate-Welfare State

James Ronald Stanfield
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James Ronald Stanfield: Colorado State University

Chapter 9 in Economics, Power and Culture, 1995, pp 136-163 from Palgrave Macmillan

Abstract: Abstract The initial response to the crisis of the corporate-welfare state is nativistic: ‘Give us that old time religion.’ In almost every democratic industrial society, retrenchment has become the primary motive of social economic policy. In the name of nineteenth-century economic wisdom, the inter-war and postwar commitment to human development, collective goals, and social justice is being abandoned. In this chapter I examine the current institutional crisis in an attempt to show that it is rooted in the holdover of an outmoded ideology and culture that has as its concomitant result a profound ideological lacuna. The implication is that it is not the last half-century’s social economic goals that should be abandoned but rather the nineteenth-century folkways and folklore that frustrate their achievement and advocate their abandonment.

Keywords: Welfare State; Liberal Society; Means Subordinate; Popular Sovereignty; Public Purse (search for similar items in EconPapers)
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-23712-8_9

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DOI: 10.1007/978-1-349-23712-8_9

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