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By 1971 there were clear signs that the – in hindsight, idyllic – world of post-war Fordism was coming to an end. As workers began to rebel, demanding an increasing share of profits after two decades of uninterrupted growth and full employment, customers were also becoming more difficult. Throughou…

In subsequent years governments all over the Western world faced the question of how to make trade unions moderate their members’ wage demands without having to rescind the Keynesian promise of full employment. In countries where the institutional structure of the collective-bargaining system was n…

[...] What may be surfacing here is the fundamental tension described by Marx between, on the one hand, the increasingly social nature of production in an advanced economy and society, and private ownership of the means of production on the other. As productivity growth requires more public provisi…