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Book details ●

Author : Michael A McCarthy

Pages : 240 pages

Publisher : ILR Press

Language :

ISBN-10 : 1501713175

ISBN-13 : 9781501713170

Book Synopsis Why has old-age security become less solidaristic and increasingly tied to risky capitalist markets? Drawing on rich archival data that covers more than fifty years of American history, Michael A. McCarthy argues that the critical driver was policymakers' reactions to capitalist crises and their political imperative to promote capitalist growth.Pension development has followed three paths of marketization in America since the New Deal, each distinct but converging: occupational pension plans were adopted as an alternative to real increases in Social Security benefits after World War II, private pension assets were then financialized and invested into the stock market, and, since the 1970s, traditional pension plans have come to be replaced with riskier 401(k) retirement plans. Comparing each episode of change, Dismantling Solidarity mounts a forceful challenge to common understandings of America's private pension system and offers an alternative political economy of the welfare

Read Book Dismantling Solidarity: Capitalist Politics and American Pensions  

Download pdf Online Dismantling Solidarity: Capitalist Politics and American Pensions Since the New Deal By Michael A McCarthy [Free Ebook]...

Read Book Dismantling Solidarity: Capitalist Politics and American Pensions  

Download pdf Online Dismantling Solidarity: Capitalist Politics and American Pensions Since the New Deal By Michael A McCarthy [Free Ebook]...

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