Lecture13 - The Attack on Progressive- The Attack on...

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Unformatted text preview: The Attack on Progressive- The Attack on Progressive- Associationalism Associationalism The New Social Regulation and the The New Social Regulation and the Response to Regulatory Capture Response to Regulatory Capture The Societal Regime The Societal Regime The new social regulation Focus on the negative externalities of industrial capitalism The Societal Regime The Societal Regime The new social regulation Focus on the negative externalities of industrial capitalism The harmful social byproducts of the production process The Societal Regime The Societal Regime The new social regulation Focus on the negative externalities of industrial capitalism The harmful social byproducts of the production process Costs of production that are not internalized by business , but passed on to the public in the form of: Air and water pollution Unsafe or unhealthy working conditions Dangerous, unhealthy, shoddy consumer products The Societal Regime The Societal Regime The new social regulation Focus on the negative externalities of industrial capitalism The harmful social byproducts of the production process Costs of production that are not internalized by business , but passed on to the public in the form of: Air and water pollution Unsafe or unhealthy working conditions Dangerous, unhealthy, shoddy consumer products Or passed on as damage to the natural environment Wildlife, natural resources, natural habitats, pristine areas of scenic beauty; historical landmarks Introduction Introduction Last lecture : Examined the economic foundations of the new social regulation (NSR ) Introduction Introduction Last lecture : Examined the economic foundations of the new social regulation (NSR ) The crest of an extended period of stable prosperity Consensus regarding techniques of Keynesian demand management Era of U.S. global economic hegemony (transitory?) Industrial manufacturer to the world Introduction Introduction Last lecture : Examined the economic foundations of the new social regulation ( NSR NSR ) The crest of an extended period of stable prosperity Consensus regarding techniques of Keynesian demand management Era of U.S. global economic hegemony (transitory?) Industrial manufacturer to the world The shift from materialist to post-materialist values Bread and butter economic concerns vs. quality of life issues The Arch of U.S. Postwar The Arch of U.S. Postwar Economic Growth Economic Growth GROWTH YEARS (1948-66) GROWTH YEARS (1948-66) Keynesian Consensus Global Industrial Dominance Artificial and Temporary Affluence and Post-Materialism 1948 1948 1980 1980 1966 1966 E r a o f S t a b l e G r o w t h E r a o f S t a b l e G r o w t h E r a o f t h e G r e a t S t a g f l a t i o n E r a o f t h e G r e a t S t a g...
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Lecture13 - The Attack on Progressive- The Attack on...

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