2010 Articles

The Revenge of Coordinated Capitalism? Reflections from the Presidential Plenary in Montreal

Martin, Cathie Jo

The global financial crisis of 2008 initially seemed to mark the bankruptcy of neoliberal
deregulation and a transition to a new era of renewed faith in government, yet the rising
fortunes of parties on the right seem to belie this easy lesson. This essay considers the persistence
of managed and relatively egalitarian capitalism after the crisis of finance capitalism. I reflection
why some societies are more equitable and solidaristic than others, question whether our beliefs
about cross-national variation continue to hold true, and ponder how the financial crisis might
affect nations’ capacities to construct coalitions for social solidarity.