The 1970s marked the transition from postwar social-democratic settlement to the neoliberal global conjuncture.

Evidence

I am less interested in capital or capitalism from the seventeenth century to now than I am in different forms of capitalism. I am interested particularly, just now, in the enormously important shift in global capitalism which occurs in the 1970s. That represents the end of what I would call one conjuncture: the conjuncture of the period of postwar settlement, dominated largely—especially in Europe—by a social-democratic balance of forces and the welfare state, and the beginning of the rise of neoliberalism, of global capitalism, and the dominance of “market forces,” which constitutes the contradictory ground on which new interrelationships and interdependencies are being created across the boundaries of nationhood and region, with all the forms of transnational globalization that have come to dominate the contemporary world. This is what is stamping a new rhythm on politics, in different ways, across the face of the globe. Nation-states, national cultures, national economies remain important, but these “differences” are being condensed into a new, contradictory “world system,” which is what the term “global” actually stands for. — Stuart Hall, Essential Essays, Volume 2, 1198

Categorization

• XREF: Directly foundational for understanding how contemporary Islamophobia operates within neoliberal globalization — connects to the reader’s downstream readings on how Muslim exclusion is articulated to market forces, securitization, and the collapse of the welfare-state compact. — connects to: The 1970s economic crisis fundamentally changed urban development patterns — Alex Callinicos, Against Postmodernism: A Marxist…, 579; The 1970s shift toward flexible labor and asset-price growth set up the platform era. — Nick Srnicek, Platform Capitalism, 40; The late-1970s neoliberal export-oriented development paradigm was conceived in the 1950s — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 159 (+4 more)
• QUESTION: Worth chasing: how does the postwar social-democratic settlement’s collapse specifically change the conditions under which anti-Muslim racism operates — e.g., welfare chauvinism, securitized borders?