The collapse of the Soviet Union also ended the social democratic mixed-economy ideal.
Evidence
Thanks to Dad’s communist past and Mum’s social democratic leanings, they shared a common mood. They knew that, on that very night, history was marking not just the demise of the Soviet Union but also the end of the social democratic dream: of a mixed economy, in which government provided public goods while the private sector produced plentiful goodies to satisfy our whims – all in all, a civilised form of capitalism where inequality and exploitation were kept in check in the context of a politically mediated truce between the owners of capital and those who had nothing to sell but their labour. — Yanis Varoufakis, Technofeudalism, 106
Categorization
- DEFINE: Defines the social democratic mixed economy as a politically mediated truce between capital and labour.
- XREF: connects to: The Soviet collapse doubled global wage labor and decisively ended the postwar capital-labor compact — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 201; Soviet ideology’s global appeal collapsed when its economy stagnated — Samuel P. Huntington, The Clash of Civilizations and the…, 252; Social democracy chose containment over transformation of capitalism’s crisis. (+4 more)
Broader Connections
- Communism’s defeat also ended modernism’s dream of total social transformation
#expands(0.85) — Mark Fisher (edited by Darren Ambrose), K-Punk, 1905 - Soviet ideology’s global appeal collapsed when its economy stagnated
#qualifies(0.82) — Samuel P. Huntington, The Clash of Civilizations and the…, 252 - Social democracy chose containment over transformation of capitalism’s crisis.
#complicates(0.72) - Stalinist purges eliminated serious Marxist theoretical work in the Soviet Union.
#responds-to(0.70) — Cedric J. Robinson, Black Marxism_ The Making of the Black…, 1094 - The collapse of the Soviet bloc triggered renewed questioning and regenerated racism
#complicates(0.70) — David Theo Goldberg, John Solomos, A Companion to Racial and Ethnic Studies, 99 - Stalin’s purges destroyed the Soviet theoretical tradition of Marxism.
#responds-to(0.70)