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The unintended consequences of financialisation: Social democracy hamstrung? The pensions dilemma

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  • Claes Belfrage

Abstract

At the end of the Third Way and no sense of its future, social democrats look to Sweden for inspiration. However, Swedish social democracy is in no better condition. Scholarship is starting to grasp the broad outlines of the movement’s difficulties. Providing greater depth, this article employs the Social Systems of Innovation and Production approach to analyse Swedish social democracy’s current condition by historicising its current policy dilemmas in relation to the public pension system, once the jewel in the crown of the Rehn–Meidner model and the push for economic and industrial democracy, now the constraining legacy of financialisation.

Suggested Citation

  • Claes Belfrage, 2017. "The unintended consequences of financialisation: Social democracy hamstrung? The pensions dilemma," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 38(4), pages 701-722, November.
    • Handle: RePEc:sae:ecoind:v:38:y:2017:i:4:p:701-722
    DOI: 10.1177/0143831X15586070
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    References listed on IDEAS

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    1. Claes Belfrage & Magnus Ryner, 2009. "Renegotiating the Swedish Social Democratic Settlement: From Pension Fund Socialism to Neoliberalization," Politics & Society, , vol. 37(2), pages 257-287, June.
    2. Sofia Murhem, 2013. "Security and change: The Swedish model and employment protection 1995–2010," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 34(4), pages 621-636, November.
    3. Luis Buendía & Enrique Palazuelos, 2014. "Economic growth and welfare state: a case study of Sweden," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 38(4), pages 761-777.
    4. Magnus Ryner, 1999. "Neoliberal Globalization and the Crisis of Swedish Social Democracy," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 20(1), pages 39-79, February.
    5. Erixon, Lennart, 2000. "A Swedish Economic Policy - The Theory, Application and Validity of the Rehn-Meidner Model," Research Papers in Economics 2000:13, Stockholm University, Department of Economics.
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