Capitalisms Compared: Welfare, Work, and Business

Abstract

Chapter 1: Introduction Comparing Political Economies: Markets, Politics, and Institutions Welfare States: Welfare State or Social Security State? The Social Democratic Welfare State: Politics against Markets The Liberal Welfare State: Embracing the Market The Conservative Welfare State: Protecting Society from the Market Varieties of Capitalism: Business Institutions and Strategies Liberal Market Economies: Reaching for the Invisible Hand Cooperative Market Economies: Patient Capital and Non-market Coordination The plan of this book Chapter 2: Health Policy Is Health Care a Commodity? Germany: Private Practice and Universal Coverage Basic Structure: Compulsory Non-profit Insurance Sweden: A Right to High Quality Health Care Basic Structure: County-level Provision of Services The United States: Incomplete Coverage through Private and Public Insurance The Private Welfare State in Health Care The Long Road to Health Policy Reform Present Structure: From Public Insurance to No Insurance Medicare Medicaid Private insurance The Uninsured Comparing Systems and Outcomes Chapter 3: Pension Policy Paying as You Go: Where Do Pensions Come From? Germany: Earnings-related Public Pensions Current Policy: The Shift away from Guaranteed Benefits Sweden: Public Pensions with Notional Accounting Current Policy: Introducing the Market to the Social Democratic Model The United States: A Public-Private Pension Mix with Precarious Retirement Social Security Today: A False Crisis Private Pensions: The Disappearing Promise Comparing Pension Systems and Outcomes Chapter 4: Family Policy Bringing Families Back In Sweden: Paid Family Leaves and Universal Public Childcare Current Policy: Toward Gender Equality? Germany : Moving Beyond the Male Breadwinner Model Current Policy: Family Leaves, Cash Assistance, and Child Care The United States: Juggling Work and Family through the Market Current Policy: The Limits of Tax Breaks Comparing Policies and Outcomes Chapter 5: The Labor Market Human Effort as a Commodity: The Distinctive Features of Labor Markets The Two Faces of Unionism: Are Unionized Firms more Efficient? The Structure of Collective Bargaining and the Logic Centralized Wage-setting Sweden: Flexible Centralization? The Historic Compromise Wage Bargaining in Contemporary Sweden Workplace Participation and Job Security Germany: Co-determination and Coordinated Bargaining Background and Overview Works Councils: Employee Representation on the Job Labor Market Organizations and Collective Bargaining Job Security and Labor Disputes The United States: Bargaining among Unequals The Rocky Path toward the Right to Unionize The Unionized Sector: Organization Wages, Benefits, and Protections: Comparing the Union and Non-union Sectors The Decline of Unions in the US Comparing Systems and Outcomes Chapter 6: Corporate Governance and Finance In Whose Interests? Shareholders Versus Stakeholders The United States: Stock Market Capitalism Run Amok? From Public Service Corporations to Industrial Capitalism From Managerialism to Shareholder Value Germany: Patient Capital and Bank Control Postwar Corporate Governance: The Classic German Model The Reform of German Corporate Governance Sweden: Capitalist Enterprise without Capitalists? The Post-War Model of Corporate Governance in Sweden Swedish Corporate Governance in Transition? The Financial Crisis of 2008-2009 and Its Aftermath Conclusion Chapter 7: The Viability of Alternative Forms of Capitalism Globalization and the Economic Feasibility of Alternative Capitalisms. Neoliberalism and the Political Feasibility of Alternative Capitalisms Conclusion: But Not in the US?