By Michel Aglietta
Michel Aglietta’s path-breaking publication is the 1st test at a rigorous old concept of the full improvement folks capitalism, from the Civil struggle to the Carter presidency. an immense rfile of the “Regulation School” of heterodox economics, it used to be acquired because the boldest booklet in its box because the vintage experiences of Paul Baran, Paul Sweezy and Harry Braverman.
This edition incorporates a great postface via Aglietta, which situates legislation thought within the context of twenty-first-century capitalism.
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Extra info for A Theory of Capitalist Regulation: The US Experience (Radical Thinkers)
With such elements, the slightest collision must have brought about a great revolution. While the higher nobility, and the older civil and military officers, were the only safe supports of the existing system; while the lower nobility, the trading middle classes, the universities, the school-masters of every degree, and even part of the lower ranks of the bureaucracy and military officers, were all leagued against the Government; while, behind these, there stood the dissatisfied masses of the peasantry, and of the proletarians of the large towns, supporting, for the time being, the liberal opposition, but already muttering strange words about taking things into their own hands; while the Bourgeoisie was ready to hurl down the Government, and the Proletarians were preparing to hurl down the Bourgeoisie in its turn; — this Government went on obstinately in a course which must bring about a collision.
When interests so varied, so conflicting, so strangely crossing each other, are brought into violent collision; when these contending interests in every district, every province are mixed in different proportions; when, above all, there is no great center in the country, no London, no Paris, the decisions of which, by their weight, may supersede the necessity of fighting out the same quarrel over and over again in every single locality; what else is to be expected but that the contest will dissolve itself into a mass of unconnected struggles, in which an enormous quantity of blood, energy and capital is spent, but which for all that remain without any decisive results?
16 Frederick Engels last surviving founder of the Holy Alliance of 1815. 12 T h e new King was known to be no supporter of the predominantly bureaucratic and military monarchy of his father. What the French middle classes had expected from the advent of Louis XVI, the German bourgeoisie hoped, in some measure, from Frederick William IV of Prussia. It was agreed upon all hands that the old system was exploded, worn out, and must be given up; and what had been borne in silence under the old King, now was loudly proclaimed to be intolerable.
A Theory of Capitalist Regulation: The US Experience (Radical Thinkers) by Michel Aglietta