Is cohesive capitalism under threat?
Besley, T.
(2021).
Is cohesive capitalism under threat?
Oxford Review of Economic Policy,
37(4), 720 – 733.
https://doi.org/10.1093/oxrep/grab027
(2021).
Is cohesive capitalism under threat?
Oxford Review of Economic Policy,
37(4), 720 – 733.
https://doi.org/10.1093/oxrep/grab027
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.