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Dismantling Solidarity
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Dismantling Solidarity: Capitalist Politics and American Pensions since the New Deal

Michael A. McCarthy

Abstract

Why has old-age security become less solidaristic and increasingly tied to risky capitalist markets? Drawing on rich archival data that covers more than fifty years of American history, this book argues that the critical driver was policymakers' reactions to capitalist crises and their political imperative to promote capitalist growth. Pension development has followed three paths of marketization in America since the New Deal, each distinct but converging: occupational pension plans were adopted as an alternative to real increases in Social Security benefits after World War II; private pension ... More

Keywords: old age, security, capitalist markets, capitalist growth, pensions, occupational pension, private pension, retirement pension plan, welfare state

Bibliographic Information

Print publication date: 2017 Print ISBN-13: 9780801454226
Published to Cornell Scholarship Online: September 2017 DOI:10.7591/cornell/9780801454226.001.0001

Authors

Affiliations are at time of print publication.

Michael A. McCarthy, author
Marquette University