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Classes and Class Conflict during the present Capitalist Crisis Erik Olin Wright

Classes and Class Conflict during the present Capitalist Crisis Erik Olin Wright University of Wisconsin December, 2011. Conditions for Class compromise in the “Golden Age” of developed capitalism (1950s-early 1970s). Class interests and Popular power. strong.

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Classes and Class Conflict during the present Capitalist Crisis Erik Olin Wright

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  1. Classes and Class Conflict during the present Capitalist Crisis Erik Olin Wright University of Wisconsin December, 2011

  2. Conditions for Class compromise in the “Golden Age” of developed capitalism (1950s-early 1970s)

  3. Class interests and Popular power strong Realization of class Interests weak The working class weak Popular power strong

  4. Class interests and Popular power strong Realization of class Interests The capitalist class Region of curve for positive class compromise weak The working class weak Popular power strong

  5. Capitalist interests and Popular power in the “Golden Age” strong Region excluded by legal rules and public policy of the democratic affirmative state Realization of Interests of Capital Modal country Region of curve for positive class compromise weak weak Popular power strong

  6. Observable trajectory Hypothetical trajectories The future Going beyond capitalism: The Transition Trough Problem Beginning of transition to socialism Socialism Material welfare of median person Capitalism Transition trough Historical time

  7. The current era of stagnation and crisis

  8. Golden Age strong Realization of Interests of Capital weak weak Popular power strong

  9. Current Era of Stagnation & Crisis strong Effects of neoliberalism Effects of financialization and globalization Realization of Interests of Capital Effects of austerity and attack on democratic empowerment weak weak Popular power strong

  10. Observable trajectory Hypothetical trajectories The future The Transition Trough Problem: Golden Age Beginning of transition to socialism Socialism Material welfare of median person Capitalism Transition trough Historical time

  11. Observable trajectory Hypothetical trajectories The future The Transition Trough Problem: current era Beginning of transition to socialism Socialism Material welfare of median person Capitalism Transition trough Historical time

  12. Three propositions • The transition trough remains a fundamental obstacle to transcending capitalism through democratic means • Nondemocratic transformations of capitalism will not result in democratic-egalitarian socialism • The central immediate task, therefore, is how to restore the conditions for positive compromise

  13. Three propositions • The transition trough remains a fundamental obstacle to transcending capitalism through democratic means • Nondemocratic transformations of capitalism will not result in democratic-egalitarian socialism • The central immediate task, therefore, is how to restore the conditions for positive compromise

  14. Three propositions • The transition trough remains a fundamental obstacle to transcending capitalism through democratic means • Nondemocratic transformations of capitalism will not result in democratic-egalitarian socialism • The central immediate task, therefore, is how to restore the conditions for positive compromise

  15. Transforming the conditions for class compromise strong Reconstruct the affirmative state Democratically regulate finance and strengthen geographically rooted capital accumulation Realization of Interests of Capital Deepen democracy weak weak Popular power strong

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