By J. Magnus Ryner
This ebook addresses the modern debate in regards to the 'Third manner' in eu social democracy, via analysing the exemplar case of social democracy-'the Swedish model'. the writer argues strongly opposed to the generally held trust that the character of latest capitalist restructuring and globalization has rendered conventional social democracy out of date.
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Additional info for Capitalist Restructuring, Globalization and the Third Way: Lessons from the Swedish Model
It also means that redistributive questions are best resolved ex ante at the level of the wage relation. ) Such ex ante redistribution, however, requires a tight discipline on capital. In other words, social wage relations need to be modi¢ed ex ante before the capitalist labour market generates its external e¡ects on the life-world. Underpinning this is a particular ideological^intellectual knowledge perspective. In Swedish social democracy, these ideas centred on a notion of `misrationalisation' in advanced capitalism.
Such microeconomic irrationalities then undermine the competitiveness of corporations in the global marketplace. As a result, the material basis of the welfare state is undermined. Globalisation, understood in terms of reduction of trade barriers and barriers to capital movements, has reduced the possibility of tolerating such economically dysfunctional behaviour (Giddens 1998: cf. Lindbeck 1995; see also Lindbeck et al. 1994). I will return to Giddens' argument later in this chapter and seek to refute it.
It is Giddens' disregard of these contradictions between the terms of capital accumulation and his goals for social inclusion and democracy that constitute the essential problem with his Third Way. 2 The social democratic welfare state and the political economy of capitalist restructuring Chapter 1 made the case for the continued relevance of the universal welfare state based on norms of de-commodi¢cation, or the `social citizenship state', of which the Swedish welfare state is the closest approximation to the ideal type (Esping-Andersen 1985a).