The Crisis of Globalization: Democracy, Capitalism and Inequality in the Twenty-First Century

Cover......Page 1
Title Page......Page 4
Copyright......Page 5
Contents......Page 6
Contributors......Page 8
List of Tables......Page 10
Preface......Page 11
The Great Globalization Disruption: Democracy, Capitalism and Inequality in the Industrialized World......Page 12
The ‘Trilemma’ of Globalization......Page 18
Globalization and the Post-War Social Contract......Page 19
Progressive Movements and Forces......Page 21
Chapters......Page 22
Conclusion......Page 32
References......Page 33
Part I: Taking Stock – the Rise of the New Populism......Page 36
1. Globalization and the New Populism......Page 38
Populism......Page 40
Globalization......Page 43
Conclusion: Embedded Populism?......Page 50
References......Page 52
2. The Backlash Against Globalization and the Future of the International Economic Order......Page 54
The World Economic Order: the Past 70 Years......Page 55
The Globalization Backlash......Page 56
Implications for the International Economy......Page 59
What Might be Done?......Page 61
References......Page 62
Introduction......Page 64
Centre-Left Parties and Populism in Western Europe......Page 65
Into the Mainstream? Populism as a Form of Political Communication......Page 69
Labour, the Social Democrats and the Populist Contenders......Page 71
Populist Political Communication going Mainstream?......Page 72
Comparative Analysis......Page 77
Conclusion......Page 78
References......Page 79
Introduction: Europe and Globalization......Page 84
Europeans’ Attitudes towards Globalization......Page 86
Policy Initiatives......Page 90
Investment Plan......Page 91
Youth Guarantee......Page 93
Conclusion......Page 97
Notes......Page 98
References......Page 99
Introduction: Social Democracy in Crisis......Page 102
The Great Recession and its Impact on Social Democratic Ideas and Ideology......Page 104
Consequences of the Social Democratic Decline......Page 106
Searching for Solutions: The Difficulty of Defining a Social Democratic Electoral Offer......Page 108
Laying out a New Social Democratic Agenda......Page 110
Modernization of the Welfare State......Page 113
Reforming the Organization and Functioning of Social Democratic Parties......Page 115
References......Page 116
Part II: Brexit, Populism and the Future of the European Union......Page 118
6. Brexit and Globalization: Collateral Damage or an Accident Waiting to Happen?......Page 120
No Love Lost......Page 121
A Divided Country......Page 123
Renegotiation and High Stakes......Page 125
Questions Not Asked and the Unholy Alliance......Page 128
Who’s Next?......Page 132
Notes......Page 134
References......Page 136
Introduction......Page 138
The EU Response to Brexit: Unity with a Purpose......Page 139
The European Union’s Key Challenges......Page 141
The Populist Challenge......Page 147
Conclusion......Page 151
References......Page 153
8. Brexit: A Consequence of Globalization or a Case of British Exceptionalism?......Page 156
Conclusion......Page 172
References......Page 173
Part III: What is to be Done? Domestic and International Policies to Deal with Globalization......Page 176
9. Where Might the Next Generation of Progressive Ideas and Programmes Come From? Contemporary Discontents, Future Possibilities for Europe......Page 178
Contemporary Discontents and their Sources......Page 179
Where Do Progressive Ideas Come From? And Who are the Agents of Change?......Page 184
How Do Progressive Ideas Bring About Change: Revolutionary or Incremental?......Page 186
Toward a Next Generation of Progressive Ideas for Europe......Page 189
Progressive Ideas for the Eurozone......Page 190
Progressive Ideas for (Re)Envisioning the Future of the EU......Page 191
References......Page 193
10. Globalization as a Losing Game? Reforming Social Policies to Address the Malaise of Globalization’s Losers......Page 198
Problematising the Globalization Winners-versus-Losers Debate......Page 199
The Limitations of Social Investment......Page 202
Encouraging Private Investment in Higher Education......Page 204
Overcoming the Insider–Outsider Divide......Page 205
The Way Forward for Social Democracy......Page 207
Conclusion......Page 211
References......Page 213
Introduction......Page 218
Beyond Trade-Offs and Trilemmas......Page 220
Social Investment Synergies and the Matthew-Effect Fallacy......Page 232
The Ambivalent Politics of Social Investment and the Crisis of Social Democracy......Page 237
References......Page 243
‘The Force of Globalization’: An Unsatisfactory Account......Page 246
The EU and Social Cohesion: An Optimistic and a Pessimistic View......Page 248
The Erosion of Mature Welfare States......Page 253
A True Insurance Union......Page 256
Investment in Human Capital......Page 258
Fair Mobility......Page 260
Conclusion: A European Social Union is Part of the Equation......Page 264
Notes......Page 265
References......Page 267
13. Social Democracy in an Era of Automation and Globalization......Page 270
The Post-Industrial Challenge: Skills and Communities......Page 272
Social Democracy Constrained......Page 276
The Post-Industrial Responses: Effective, Visible and Cross-Class?......Page 283
References......Page 285
Introduction......Page 288
Universal Basic Services......Page 290
Conclusion......Page 291
References......Page 292
Index......Page 293