Continuity and Change in Contemporary Capitalism

Capitalist democracies have always displayed considerable diversity in their key political and economic institutions, such as the organization of economic interest groups and private enterprises, the public sector and the welfare state, as well as political parties and social movements. This book asks whether the challenges of new technologies, citizens’ preferences, and growing political and economic interdependence in the 1980s and 1990s force all polities to adopt similar institutional reforms. The authors argue that established arrangements have become difficult to sustain, but that countries choose unique trajectories of reform, not a common approach. The diversity among capitalist democracies persists in a new fashion.