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Business, regulation and welfare politics in liberal capitalism

Meyer, Traute and Bridgen, Paul (2012) Business, regulation and welfare politics in liberal capitalism Policy & Politics, 40, (3), pp. 387-403. (doi:10.1332/030557312X645748).

Record type: Article

Abstract

Concerted support from business organisations for increased state welfare provision is unexpected in liberal capitalism, but in Britain this occurred prior to recent major reforms of pensions. Using Mares' micro-theory of employer behaviour and studies of public/private mixes, this article shows that three umbrella organisations of employers and insurers supported higher state pensions because incremental state regulation of non-state provision over many decades and threats about even greater compulsion in the private sector had significantly reduced company control while increasing their costs. As a result, a higher state pension appeared more attractive to all business actors than further regulation of the private sphere. On this basis, we suggest that state regulation should be incorporated more firmly into theories of institutional development and interest formation in liberal regimes.

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More information

Published date: July 2012
Keywords: liberal capitalism, regulation, business organisations, pensions, britain
Organisations: Sociology, Social Policy & Criminology

Identifiers

Local EPrints ID: 337930
URI: http://eprints.soton.ac.uk/id/eprint/337930
ISSN: 0305-5736
PURE UUID: 6e463dac-6f3e-4212-9134-e5b8433a0a0b

Catalogue record

Date deposited: 04 May 2012 10:16
Last modified: 18 Jul 2017 06:00

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Contributors

Author: Traute Meyer
Author: Paul Bridgen

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