A new Authoritarian Neoliberal social structure of accumulation in the United States?

Mark Setterfield ()
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Mark Setterfield: Department of Economics, New School for Social Research, USA

No 2607, Working Papers from New School for Social Research, Department of Economics

Abstract: Drawing on social structure of accumulation theory (SSAT), this paper entertains a possible future for the US economy based on an Authoritarian Neoliberal social structure of accumulation (SSA). The original Neoliberal SSA is understood to have supported a distinct stage of capitalism -- the Neoliberal Boom, 1990-2007 -- that was brought to an end by the global financial crisis and Great Recession of 2007-09. The period since 2009 is interpreted as one of ongoing inter regnum, albeit one that may shortly be replaced by a new stage of capitalism based on a stable Authoritarian Neoliberal SSA. A novel feature of the analysis is its emphasis on the 'capital-citizen accord' -- a somewhat overlooked feature of SSAT analyses of recent US economic history -- as a critical 'pillar' of an Authoritarian Neoliberal SSA.

Keywords: Social structure of accumulation; stage of capitalism; neoliberalism; Authoritarian Neoliberalism (search for similar items in EconPapers)
JEL-codes: B52 E02 P16 P51 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2026-06
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