The Resource Dismantling solidarity : capitalist politics and American pensions since the New Deal, Michael A. McCarthy, (electronic resource)

Dismantling solidarity : capitalist politics and American pensions since the New Deal, Michael A. McCarthy, (electronic resource)

Label
Dismantling solidarity : capitalist politics and American pensions since the New Deal
Title
Dismantling solidarity
Title remainder
capitalist politics and American pensions since the New Deal
Statement of responsibility
Michael A. McCarthy
Creator
Contributor
Author
Subject
Language
eng
Summary
Why has old-age security become less solidaristic and increasingly tied to risky capitalist markets? Drawing on rich archival data that covers more than fifty years of American history, Michael A. McCarthy argues that the critical driver was policymakers' reactions to capitalist crises and their political imperative to promote capitalist growth. Pension development has followed three paths of marketization in America since the New Deal, each distinct but converging: occupational pension plans were adopted as an alternative to real increases in Social Security benefits after World War II, private pension assets were then financialized and invested into the stock market, and, since the 1970s, traditional pension plans have come to be replaced with riskier 401(k) retirement plans. Comparing each episode of change, Dismantling Solidarity mounts a forceful challenge to common understandings of America's private pension system and offers an alternative political economy of the welfare state. McCarthy weaves together a theoretical framework that helps to explain pension marketization with structural mechanisms that push policymakers to intervene to promote capitalist growth and avoid capitalist crises and contingent historical factors that both drive them to intervene in the particular ways they do and shape how their interventions bear on welfare change. By emphasizing the capitalist context in which policymaking occurs, McCarthy turns our attention to the structural factors that drive policy change. Dismantling Solidarity is both theoretically and historically detailed and superbly argued, urging the reader to reconsider how capitalism itself constrains policymaking. It will be of interest to sociologists, political scientists, historians, and those curious about the relationship between capitalism and democracy
Cataloging source
Midwest
http://library.link/vocab/creatorDate
1979-
http://library.link/vocab/creatorName
McCarthy, Michael A.
Dewey number
331.25/20973
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
hoopla digital
http://library.link/vocab/subjectName
  • Pensions
  • Pensions
  • Pension trusts
  • Industrial relations
  • Electronic books
Target audience
adult
Label
Dismantling solidarity : capitalist politics and American pensions since the New Deal, Michael A. McCarthy, (electronic resource)
Link
Instantiates
Publication
Distribution
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Dimensions
unknown
Extent
1 online resource
Form of item
  • online
  • electronic
Governing access note
Digital content provided by hoopla
Isbn
9781501708190
Isbn Type
(electronic bk.)
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
http://library.link/vocab/ext/overdrive/overdriveId
12427396
Publisher number
MWT12427396
Specific material designation
remote
System details
Mode of access: World Wide Web
Label
Dismantling solidarity : capitalist politics and American pensions since the New Deal, Michael A. McCarthy, (electronic resource)
Link
Publication
Distribution
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Dimensions
unknown
Extent
1 online resource
Form of item
  • online
  • electronic
Governing access note
Digital content provided by hoopla
Isbn
9781501708190
Isbn Type
(electronic bk.)
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
http://library.link/vocab/ext/overdrive/overdriveId
12427396
Publisher number
MWT12427396
Specific material designation
remote
System details
Mode of access: World Wide Web

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