Bruno Amable
Structural Crisis and Institutional Change in Modern Capitalism
French Capitalism in Transition
Oxford University Press
2017
Présentation de l'éditeur
This book analyses the evolution of the French model of capitalism in
relation with the instability of the socio-political compromises. In the
2010s, France was in a situation of systemic crisis, manifested in the
impossibility for political leadership to find a strategy of
institutional change or more generally a model of capitalism that could
gather a sufficient social and political support. This book analyses the
various attempts at reforming the French model since the 1980s, when
the left tried briefly to orient the French political economy in a
social-democratic/socialist direction before changing course and opting
for a more orthodox macroeconomic and structural policy. The attempts of
the right governments to implement a radically neoliberal structural
policy also failed in the face of a significant social opposition. The
enduring French systemic crisis is the expression of contradictions
between the economic policies implemented by the successive left and
right governments, and the existence of a dominant social bloc—a
coalition of social groups that supports the dominant political
strategy. Since 1978, both the right and the left have failed to find a
solution to the contradictions between the policies they implemented and
the expectations of their respective social bases, which are themselves
inhabited by tensions and contradictions that evolve with the
structural reforms that gradually transformed French capitalism. The
direction taken by the Hollande presidency after 2012 represented an
important change with respect to the preceding left governments. More
than his predecessors, Hollande decidedly oriented his economic and
political strategies in a neoliberal direction, looking for social
support articulated around the skilled middle and upper classes, the
bloc bourgeois.
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