Postwar Labour settlement redistributed wealth via Keynesian economic measures

Evidence

The first conjuncture that framed our analysis is the welfare state/social-democratic political “settlement” or “historic compromise” that emerged at the end of World War II with Labour’s accession to power. Its mandate was to ensure full (male) employment, avert economic crises through Keynesian measures, redistribute wealth, take the “commanding heights” of the private economy into public ownership, and create national health and social security systems. This was a major moment in the redistribution of wealth and power in British society. — Hall, Stuart, Essential Essays, Volume 1, 1059

Categorization

• XREF: The welfare-state settlement as a ‘historic compromise’ is part of the economic history backdrop the reader wants for understanding Hall’s essays as economic thought. — connects to: The Reagan-Thatcher era redistributed wealth from poor to rich rather than abandoning Keynesianism — Alex Callinicos, Against Postmodernism: A Marxist…, 601; Ideologically varied states converged on Keynesian welfare management. — David Harvey, The Condition of Postmodernity: An…, 813; The Bretton Woods consensus prioritized domestic full employment over capital mobility — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 416 (+2 more)