Twenty-first century breakdown: Negotiating new regulatory regimes in the Nordic lands

In: Capital & class, Volume 37, Issue 1, p. 79-93

Abstract

National policy-makers vary enormously in their repudiation of liberalism, with a resurgence of government controls and coordination in the Nordic countries. This article questions how new organising principles are adopted in response to fundamental economic transformations, and explores institutional structures underpinning the social relations of production. Institutions defining the social relations of production regulate class coordination within the political, and class conflict within the economic spheres. Variations in capacities for coordination have a critical impact on the ability of nations to adjust their regulatory regimes in response to major economic transformations.