Tonterías selectas de Daron Acemoglu sobre la socialdemocracia

Tonterías selectas de Daron Acemoglu sobre la socialdemocracia:

The Fall of the Berlin Wall and Social Democracy

… the post-Cold War era also upended the Western social-democratic compact: the system of safety nets, regulations, universal public services, redistributive tax policies, and labor-market institutions that had long protected workers and the less fortunate. … that policy consensus had signified “the greatest progress which history has seen so far.” Not only had it limited and then reduced inequality in most advanced economies; it also contributed to decades of sustained growth.

The economic growth of the post-war era was born of broadly competitive markets, which had been created through regulations to break the backs of monopolies and powerful conglomerates. It also depended on a generously supported system of public education and government-funded innovation. The proliferation of high-paying good jobs during this period was the result of labor-market institutions that prevented employers from wielding excessive powers over their employees; without such constraints, firms would have generated low-wage jobs with harsh working conditions.

the United States… throughout the New Deal and post-war eras… enthusiastically busted trusts and reined in the political influence of the wealthy. It instituted government-administered old-age and disability pensions (Social Security), unemployment benefits, and redistributive taxation, and adopted various anti-poverty measures.

None of this can be understood in the absence of communism. After all, social-democratic movements emerged from communist parties…

… elites themselves embraced the social-democratic compact as a means of preventing communist revolution.

… when communism collapsed – both as an economic system and as an ideology – it knocked the legs out from under the social-democratic stool. Suddenly faced with the need to invent a new, equally inclusive, equally universalist ideology, the left proved unequal to the task. And at the same time, the leaders of an already ascendant right interpreted the collapse of communism as a signal (and an opportunity) to roll back social democracy in favor of the market.

Yet, for a number of reasons, the embrace of this agenda in much of the West was mistaken. For starters, it ignored the contribution that the welfare state, labor-market institutions, and government investments in research and development had made to post-war growth. Second, it failed to anticipate that dismantling social-democratic institutions would weaken democracy itself, by further empowering incumbent politicians and the wealthy (who would become much wealthier in the process). And, third, it ignored the lessons of the interwar years, when the absence of broad-based economic opportunities and strong safety nets had created the conditions for the rise of left- and right-wing extremism.

US President Ronald Reagan and British Prime Minister Margaret Thatcher may have envisioned a world with more efficient markets and less bureaucratic controls. But the political revolution they launched has culminated in the presidency of Donald Trump in the US and a Boris Johnson-led government in the United Kingdom.

The social-democratic compact now needs to be refashioned for the twenty-first century.

To that end, we need to recognize the problems facing advanced economies, from uncontrolled deregulation and finance run amok to the structural changes brought about by globalization and automation. We also need to form a new political coalition that is broad enough to include industrial workers, who remain among the most politically active segments of the population, even as their numbers have fallen.

But, most important, we must recognize that curtailing the power of big companies; providing universal public services, including health care and high-quality education; protecting workers and preventing the rise of low-wage, precarious employment; and investing in R&D are not just policies that should be evaluated in terms of their economic consequences. They are the essence of the social-democratic project, and the foundation of a prosperous and stable society.

One Response to Tonterías selectas de Daron Acemoglu sobre la socialdemocracia

  1. Gustavo Garcia dice:

    La comparación es como agaradecer haber tenido cáncer por la posibilidad de conocer médicos y poder caminar, en lugar de pensar de que si no me hubiese enfermado de cáncer podría haber corrido, tener una vida mejor y llegar más lejos.
    Me temo que debo prepararme para envejecer en un mundo que no me va a gustar.

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