Capitalist Models and Social Democracy: The Case of New Labour

Abstract

Some of the more critical readings of the adequacy and effectiveness of New Labour in power have been developed by scholars willing to link arguments about the trajectory of Labour politics to wider arguments about the character of the contemporary global economy and the space within it for the construction and development of distinctive capitalist models. Mark Wickham-Jones and Colin Hay in particular have made that linkage in a series of important writings on the contemporary Labour party. Their arguments are here subjected to critical review, and set against a third position on New Labour and global capitalism: one informed by the writings of Ralph Miliband on British Labour and by the arguments of Leo Panitch and Greg Albo on the limits of the ‘progressive competitiveness' strategies associated with ‘Third Way’ social democratic governments.