By Ajamu Nangwaya - BASICS Issue #23 (Nov/Dec 2010)
...[T]he post-war welfare state was a strategic bargain between organized labour, the state and the capitalist class in the West to weaken the appeal of socialism or radicalism to the working-class...[B]y the mid-1970s, the capitalist class and the state were sufficiently confident that they had hegemony over the working-class and had contained the threat of socialism...So they turned their backs on the welfare state deal with organized labour, and thus began the era of neo-liberalism.
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