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Social and Behavioral Sciences Commons

Open Access. Powered by Scholars. Published by Universities.®

Sociology

Journal

New England Journal of Public Policy

2004

Profits

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Full-Text Articles in Social and Behavioral Sciences

Saving Capitalism From Itself: Whither The Welfare State?, Mimi Abramovitz Sep 2004

Saving Capitalism From Itself: Whither The Welfare State?, Mimi Abramovitz

New England Journal of Public Policy

The U.S. welfare state has been under attack from both sides of the aisle since the mid-1970s. Using the lens of history, the following pages will argue that neither the rise of the welfare state in the 1930s nor the current attack were merely accidental. Instead, each was a response to a particular crisis of profitability because the institutional arrangements that had created the conditions for profit-making in the prior fifty years had deteriorated. The policies no longer worked for the powers-that-be and had to be “reformed.”