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Capitalists against Markets
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Capitalists against Markets: The Making of Labor Markets and Welfare States in the United States and Sweden

Peter A. Swenson


Challenges the conventional wisdom that welfare state builders take their cues solely from labor and other progressive interests. It argues instead that pragmatic social reformers in the U.S. and Sweden looked for support from above as well as below, taking into account capitalists’ interests and preferences in the political process. Legislation associated with the American New Deal and Swedish social democracy was built, consequently, on cross‐class alliances of interest. Capitalists in both countries appreciated the regulatory impact of reformist social and labor legislation. Their interests ... More

Keywords: capitalists, cross‐class alliances, labor markets, labor unions, New Deal, politics, regulation, social democracy, Sweden, United States, welfare state

Bibliographic Information

Print publication date: 2002 Print ISBN-13: 9780195142976
Published to Oxford Scholarship Online: November 2003 DOI:10.1093/0195142977.001.0001


Affiliations are at time of print publication.

Peter A. Swenson, author
Northwestern University
Author Webpage