Offe’s paradox in the light of neoliberalism and its paradoxes:Schumpeterian workfare and Ricardian austerity
The chapter revises the author’s earlier work on the restructuring and strategic reorientation of welfare regimes in advanced capitalist social formations in the post-war period. It does so in five ways. First, it grounds the analysis in the contradictions of the capital relation, some of which can...
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2022
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ftulancaster:oai:eprints.lancs.ac.uk:176290 2023-08-27T04:10:55+02:00 Offe’s paradox in the light of neoliberalism and its paradoxes:Schumpeterian workfare and Ricardian austerity Jessop, Bob Kettunen, Pauli Pellander, Saara Tervonen, Miika 2022-01-01 https://eprints.lancs.ac.uk/id/eprint/176290/ https://doi.org/10.4337/9781788976589.00014 unknown Edward Elgar Publishing Ltd. Jessop, Bob (2022) Offe’s paradox in the light of neoliberalism and its paradoxes:Schumpeterian workfare and Ricardian austerity. In: Nationalism and Democracy in the Welfare State. Globalization and Welfare series (1). Edward Elgar Publishing Ltd., Northampton, Massachusetts, pp. 104-126. ISBN 9781788976572 Contribution in Book/Report/Proceedings NonPeerReviewed 2022 ftulancaster https://doi.org/10.4337/9781788976589.00014 2023-08-03T22:42:04Z The chapter revises the author’s earlier work on the restructuring and strategic reorientation of welfare regimes in advanced capitalist social formations in the post-war period. It does so in five ways. First, it grounds the analysis in the contradictions of the capital relation, some of which can be displaced and deferred within given spatio-temporal horizons but nonetheless provide generic mechanisms that recurrently destabilize capital accumulation and social reproduction and generate crises. Second, it considers two exit routes from Atlantic Fordism in the heartlands of capitalism and suggests two forms of welfare regime compatible with these routes. These are the knowledge-based economy and finance-led accumulation, each of which has a corresponding ideal-typical welfare regime. Third, it suggests that, whereas the form of welfare regime associated with the knowledge-based economy may pursue conjunctural austerity policies and even a contingent politics of intermittent austerity, finance-led accumulation is associated with the emergence of an enduring austerity state. Fourth, it addresses the crisis-tendencies of financialized neoliberalism and its capacities for renewal in response to the North Atlantic and Eurozone financial crises and related crisis forms. Fifth, it considers this analysis in the light of the COVID-19 pandemic and its implications for austerity. Text North Atlantic Lancaster University: Lancaster Eprints 104 126 |
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Lancaster University: Lancaster Eprints |
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The chapter revises the author’s earlier work on the restructuring and strategic reorientation of welfare regimes in advanced capitalist social formations in the post-war period. It does so in five ways. First, it grounds the analysis in the contradictions of the capital relation, some of which can be displaced and deferred within given spatio-temporal horizons but nonetheless provide generic mechanisms that recurrently destabilize capital accumulation and social reproduction and generate crises. Second, it considers two exit routes from Atlantic Fordism in the heartlands of capitalism and suggests two forms of welfare regime compatible with these routes. These are the knowledge-based economy and finance-led accumulation, each of which has a corresponding ideal-typical welfare regime. Third, it suggests that, whereas the form of welfare regime associated with the knowledge-based economy may pursue conjunctural austerity policies and even a contingent politics of intermittent austerity, finance-led accumulation is associated with the emergence of an enduring austerity state. Fourth, it addresses the crisis-tendencies of financialized neoliberalism and its capacities for renewal in response to the North Atlantic and Eurozone financial crises and related crisis forms. Fifth, it considers this analysis in the light of the COVID-19 pandemic and its implications for austerity. |
author2 |
Kettunen, Pauli Pellander, Saara Tervonen, Miika |
format |
Text |
author |
Jessop, Bob |
spellingShingle |
Jessop, Bob Offe’s paradox in the light of neoliberalism and its paradoxes:Schumpeterian workfare and Ricardian austerity |
author_facet |
Jessop, Bob |
author_sort |
Jessop, Bob |
title |
Offe’s paradox in the light of neoliberalism and its paradoxes:Schumpeterian workfare and Ricardian austerity |
title_short |
Offe’s paradox in the light of neoliberalism and its paradoxes:Schumpeterian workfare and Ricardian austerity |
title_full |
Offe’s paradox in the light of neoliberalism and its paradoxes:Schumpeterian workfare and Ricardian austerity |
title_fullStr |
Offe’s paradox in the light of neoliberalism and its paradoxes:Schumpeterian workfare and Ricardian austerity |
title_full_unstemmed |
Offe’s paradox in the light of neoliberalism and its paradoxes:Schumpeterian workfare and Ricardian austerity |
title_sort |
offe’s paradox in the light of neoliberalism and its paradoxes:schumpeterian workfare and ricardian austerity |
publisher |
Edward Elgar Publishing Ltd. |
publishDate |
2022 |
url |
https://eprints.lancs.ac.uk/id/eprint/176290/ https://doi.org/10.4337/9781788976589.00014 |
genre |
North Atlantic |
genre_facet |
North Atlantic |
op_relation |
Jessop, Bob (2022) Offe’s paradox in the light of neoliberalism and its paradoxes:Schumpeterian workfare and Ricardian austerity. In: Nationalism and Democracy in the Welfare State. Globalization and Welfare series (1). Edward Elgar Publishing Ltd., Northampton, Massachusetts, pp. 104-126. ISBN 9781788976572 |
op_doi |
https://doi.org/10.4337/9781788976589.00014 |
container_start_page |
104 |
op_container_end_page |
126 |
_version_ |
1775353299061440512 |