New Books in Economics

Philip Rathgeb, "How the Radical Right Has Changed Capitalism and Welfare in Europe and the USA" (Oxford UP, 2024)

Jan 28, 2025
Philip Rathgeb, an Associate Professor in Social Policy at the University of Edinburgh, delves into the radical right's influence on capitalism and welfare systems. He explains how these parties, now central to political discourse, utilize nativism and authoritarianism to reshape socio-economic policies. Rathgeb highlights the rise of economic nationalism and the adverse effects of selective status protection on marginalized groups. He also discusses the complex interplay between labor dynamics and gender disparities under radical right agendas across Europe and the USA.
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INSIGHT

Neoliberalism Enabled Radical Right

  • The neoliberal consensus depoliticized the economy, which opened opportunities for the radical right to politicize issues like immigration and culture wars.
  • These parties address voters' status anxieties in declining regions, gaining support among those with something to lose rather than the poorest.
INSIGHT

Selective Status Protection Explained

  • Radical right policies protect labor market insiders and male breadwinners selectively while discriminating against immigrants and the poor.
  • This selective protection risks wage and social dumping by undermining intraclass solidarity.
INSIGHT

Radical Right’s Early Neoliberalism

  • In the 1970s and 80s, radical right parties championed neoliberalism, opposing Keynesianism and state intervention.
  • They used populist rhetoric against elites to promote austerity and market liberalization for power gains.
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