Civic Capitalism E-Book

Colin Hay

• Herausgeber: John Wiley & Sons
• Kategorie: Fachliteratur
• Sprache: Englisch

Seitenzahl: 224

Veröffentlichungsjahr: 2015

Beschreibung

As we struggle with the legacy of the crisis and with the prospect of accelerating environmental degradation, it is time to ask not what we can do for capitalism but what capitalism can do for us, as citizens of a democratic society. In Civic Capitalism, Colin Hay and Anthony Payne build on their influential analysis of the crisis of the Anglo-liberal growth model to set out a coherent account of the steps required to build an alternative that is more sustainable socially, economically and environmentally.

They argue that it is time to move on from the Anglo-liberal model of capitalism whose failings were so cruelly exposed by the crisis. They outline a new model that will work better in advanced capitalist societies, showing how this might be acheived in Britain today. They call this civic capitalism the governance of the market, by the state, in the name of the people, to deliver collective public goods, equity and social justice. This reverses the long ascendant logic of Anglo-liberalism in which citizens have been made to answer to the perceived logics of the capitalism they have been made to serve.

The crisis shows us that we can no longer be driven by the perceived imperatives of the old model and by those who have claimed for far too long and, as it turns out, falsely to be able to discern for us the imperatives of the market. It is now time to ask what capitalism can do for us and not what we can do for capitalism.

Leseprobe

Parts I and III copyright © Colin Hay and Anthony Payne 2015

Part II copyright © Polity Press 2015

The right of Colin Hay and Anthony Payne to be identified as Authors of this Work has been asserted in accordance with the UK Copyright, Designs and Patents Act 1988.

First published in 2015 by Polity Press

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All rights reserved. Except for the quotation of short passages for the purpose of criticism and review, no part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher.

ISBN-13: 978-0-7456-9206-7

ISBN-13: 978-0-7456-9207-4(pb)

ISBN-13: 978-0-7456-9210-4(epub)

ISBN-13: 978-0-7456-9209-8(mobi)

A catalogue record for this book is available from the British Library.

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Contributors

Colin Hay is Professor of Political Science at Sciences Po, Paris, and Affiliate Professor of Political Analysis and Co-Director of the Sheffield Political Economy Research Institute (SPERI) at the University of Sheffield. He is the author of many books including The Failure of Anglo-liberal Capitalism, The Political Economy of European Welfare Capitalism (with Daniel Wincott) and Why We Hate Politics.

Anthony Payne is Professor of Politics and Co-Director of the Sheffield Political Economy Research Institute (SPERI) at the University of Sheffield. He is the author and editor of many books including The Global Politics of Unequal Development, Development (with Nicola Phillips) and The Handbook of the International Political Economy of Governance (with Nicola Phillips).

Fred Block is Professor of Sociology at the University of California, Davis. His most recent book is The Power of Market Fundamentalism: Karl Polanyi's Critique (with Margaret R. Somers).

Colin Crouch is Emeritus Professor of Governance and Public Management at the University of Warwick Business School. His most recent book is Making Capitalism Fit for Society.

Andrew Gamble is Professor of Politics at the University of Cambridge and a Fellow of Queen's College. His most recent book is Crisis without End? The Unravelling of Western Prosperity.

Ian Gough is Visiting Professor at the Centre for the Analysis of Social Exclusion at the London School of Economics and Professor Emeritus at the University of Bath. His recent work has focused on climate change and sustainable welfare.

Gavin Kelly is Chief Executive of the Resolution Foundation think-tank and Conor D'Arcy is a Policy Analyst at the Resolution Foundation.

Ruth Levitas is Emeritus Professor of Sociology at the University of Bristol. Her most recent book is Utopia as Method: The Imaginary Reconstitution of Society.

Mick Moran is Emeritus Professor of Government at the Manchester Business School. His most recent book is After the Great Complacence: Financial Crisis and the Politics of Reform (with Ewald Engelen, Ismail Ertürk, Julie Froud, Sukhdev Johal, Adam Leaver, Adriana Nilsson and Karel Williams).

Ann Pettifor is Director of Policy Research in Macroeconomics (PRIME) and a Fellow of the New Economics Foundation. Her most recent book is Just Money: How Society Can Break the Despotic Power of Finance.

Matthew Watson is Professor of Political Economy at the University of Warwick. His most recent book is Uneconomic Economics and the Crisis of the Model World.

Preface

This little book is a book of its times in at least one un­equivocal and technical sense. It emanated from a series of blog posts that we wrote for SPERI comment: the political economy blog between November 2013 and March 2014. These posts were then gathered up into a SPERI paper published in May 2014. We are pleased to say that in both formats they attracted some attention from readers and we were emboldened to seek to develop the ideas further in this volume. We were also only too aware of course that, for the first time in our lives, we knew in advance the precise date of the next British General Election.

We would therefore like to thank a series of people who helped us get this book to press in quick time: John Thompson of Polity Press who took an immediate decision that this was a proposal worth endorsing; the ‘commentators’ on our original essay who responded willingly and quickly to our requests to see if they could help us take forward the debate about a potential civic capitalism; and Sarah Boswell and Laure Astill, successively the administrators of the Sheffield Political Economy Research Institute (SPERI), which we are proud to co-direct.

For us, SPERI has been great fun to set up and lead. We hope that this book not only serves well as a kind of ‘manifesto’ for its approach and work, but also says something of interest, and perhaps of importance, to the plight of Britain (especially) but other countries too as we all seek to build something better out of the global crisis of the last few years.

Colin Hay and Anthony Payne

September 2014

Part ICivilizing Capitalism

Civic Capitalism

Colin Hay and Anthony Payne

As we struggle with the legacy of the crisis in which we are still mired and with the prospect of accelerating environmental degradation, it is time to ask not what we can do for capitalism but what capitalism can do for us, as citizens of a democratic society. In this short book, we seek to build on the analysis of the enduring crisis of what we will term the ‘Anglo-liberal growth model’ to set out a coherent account of the steps required to build an alternative that is more sustainable socially, economically and environmentally.