The Limits of Social Democracy: Investment Politics in Sweden

Book Description
"Pontusson's book does an excellent job in taking a critical look at Swedish investment politics. . . . On the whole, this book is the best overall explanation of Swedish investment politics. It gives the reader a clear basis for understanding the rise of Swedish social democracy and provides a detailed examination of the developments of industrial policy, codetermination, and wage-earner funds."--Contemporary Sociology


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For many analysts modern Sweden is a case study of the success of social democratic principles. In no other capitalist country has the labor movement played a more influential role in government and industry, and thus Sweden invites a series of questions concerning the relationship between social democracy and capitalism. In The Limits of Social Democracy, Jonas Pontusson traces the history of Sweden's industrial organization and industrial policy. By focusing on production, he comes to a far less sanguine assessment of the Swedish labor movement's achievements than that of scholars who focus on social welfare policies. He persuasively demonstrates how the reconciliation of capitalism and social democracy is inherently precarious and unstable. Pontusson first provides an overview of the entire experience of Social Democratic government between 1932 and 1991. In particular, he explores early efforts to plan and control investment, production, and ultimately the performance of the economy. Pontusson then examines specific initiatives launched by the labor movement in the 1960s and 1970s for the purpose of enhancing public influence over investment. He concludes by assessing what has come of these initiatives. This definitive volume will be welcomed by scholars in the fields of modern Swedish politics, comparative politics, and political economy, and by theorists and practitioners of industrial relations and industrial organization.


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