Western capitalism in transition
Global processes, local challenges
in Western capitalism in transition
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This chapter illustrates the social foundations of capitalism and puts forward the argument that there is a constant tension between dis-embedding and re-embedding mechanisms of economic activity into a less commodified society. It deals with the transformations that Western capitalist societies are undergoing, and how the double movement operates. The chapter highlights how the socio-economic and institutional complementarities that characterised postwar capitalism created relatively integrated socio-economic regimes, which have been inherently challenged since the 1970s. It addresses the relevant role played by the increased mobility of capital, labour and goods in this process, underlining their crucial destabilising impact on contemporary fragmented capitalism. Finally, the chapter also presents an overview of the key concepts discussed in this book. The book reconstructs the debate about capitalism and its transformations within the urban tradition. It shows how social policies have undergone important reforms, partly undermining their sheltering capacities.

Western capitalism in transition

Global processes, local challenges

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