“The electoral victories of Thatcher (1979) and Reagan (1980) are often viewed as a distinctive rupture in the politics of the postwar period. I understand them more as consolidations of what was already under way throughout much of the 1970s. The crisis of 1973-5 was in part born out of a confrontation with the accumulated rigidities of government policies and practices built up during the Fordist-Keynesian period. Keynesian policies had appeared inflationary as entitlements grew and fiscal capacities stagnated. Since it had always been part of the Fordist political consensus that redistributions should be funded out of growth, slackening growth inevitably meant trouble for the welfare state and the social wage.”
Quote by David Harvey
Work
The Condition of Postmodernity: An Enquiry into the Origins of Cultural Change
Browse quotes and source details for this work. more
Author
You May Also Like
Source: The Philosophy of Rudolf Carnap, Volume 11
Source: La voce degli uomini freddi
Source: The Phone Booth at the Edge of the World
“Inhale possibility, exhale creativity.”
Source: The Little Star
“Art shackled is no art at all.”
Source: Darkly Dreaming
Source: Epistler
