Is cohesive capitalism under threat?. (8th November 2021)

• Record Type: Journal Article
• Authors: Besley, Timothy
• Is Part Of: Oxford review of economic policy. Volume 37:Number 4(2021)
• Page Start: 720
• Page End: 733
• Publication Date: 2021-11-08
• Subjects: state capacity -- cohesive capitalism; Economic policy -- Periodicals; 338.9005
• DOI: 10.1093/oxrep/grab027
• Languages: English
• ISSNs: 0266-903X

Abstract

Abstract: This paper argues that a distinctive form of capitalism, cohesive capitalism, emerged in the post-war period supporting the wellbeing of its citizens through building state capacities alongside open and democratic forms of government. The paper identifies a range of threats that this model now faces and speculates on what it would take, particularly in terms of international cooperation, to respond to them.