Post-war demand management was replaced by credit-financed private consumption

Evidence

This is what Colin Crouch referred to as “privatized Keynesianism”: a system in which the internal demand was artificially sustained through credit rather than wage increase. — Arthur Borriello and Anton Jäger, The Populist Moment, 378

Categorization

• DEFINE: Defines the specific policy-regime concept ‘privatized Keynesianism’ with a citation.
• XREF: Connects to the book’s earlier ch4–6 material on party democracy decline and the 2008 crisis as the endpoint of this credit-based demand regime. — connects to: Austerity shifted welfare back to families financed by private household debt — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 247; Neoliberal deregulation replaced social protection with credit and indebtedness — Wendy Brown, Undoing the Demos: Neoliberalism’s…, 746

Broader Connections

• Austerity shifted welfare back to families financed by private household debt #expands (0.85) — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 247
• Neoliberal deregulation replaced social protection with credit and indebtedness #expands (0.75) — Wendy Brown, Undoing the Demos, 746