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Understanding the Diverging Trajectories of the United States and Western Europe: A Neo-Polanyian Analysis

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  • Fred Block

    (University of California-Davis, flblock@ucdavis.edu)

Abstract

This article proposes a neo-Polanyian theoretical framework for understanding the dynamics within contemporary market societies. It uses this framework to analyze the divergence between the United States and other developed societies that has become more pronounced in the first years of the twenty-first century. The argument emphasizes the shifting political alliances of the business community in the United States and suggests that from 1994 onward, business lost power in the right-wing coalition to its religious Right allies. The growing power of a religious-based social movement is a critical ingredient in the unilateralist turn in the Bush Administration’s foreign policy.

Suggested Citation

  • Fred Block, 2007. "Understanding the Diverging Trajectories of the United States and Western Europe: A Neo-Polanyian Analysis," Politics & Society, , vol. 35(1), pages 3-33, March.
    • Handle: RePEc:sae:polsoc:v:35:y:2007:i:1:p:3-33
    DOI: 10.1177/0032329206297162
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    References listed on IDEAS

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    1. Jamie Peck, 2005. "Economic Sociologies in Space," Economic Geography, Taylor & Francis Journals, vol. 81(2), pages 129-175, April.
    2. Susan Christopherson & Michael Storper, 1989. "The Effects of Flexible Specialization on Industrial Politics and the Labor Market: The Motion Picture Industry," ILR Review, Cornell University, ILR School, vol. 42(3), pages 331-347, April.
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    Cited by:

    1. Amy A. Quark & Rachel Lienesch, 2017. "Scientific boundary work and food regime transitions: the double movement and the science of food safety regulation," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 34(3), pages 645-661, September.
    2. Anne Mook & Christine Overdevest, 2021. "What drives market construction for fair trade, organic, and GlobalGAP certification in the global citrus value chain? Evidence at the importer level in the Netherlands and the United States," Business Strategy and the Environment, Wiley Blackwell, vol. 30(7), pages 2996-3008, November.
    3. Jun Zhang, 2013. "Marketization beyond Neoliberalization: A Neo-Polanyian Perspective on China's Transition to a Market Economy," Environment and Planning A, , vol. 45(7), pages 1605-1624, July.
    4. Ewald Engelen & Martijn Konings & Rodrigo Fernandez, 2010. "Geographies of Financialization in Disarray: The Dutch Case in Comparative Perspective," Economic Geography, Clark University, vol. 86(1), pages 53-73, January.
    5. Bo Rothstein, 2011. "Can markets be expected to prevent themselves from self‐destruction?," Regulation & Governance, John Wiley & Sons, vol. 5(4), pages 387-404, December.
    6. Amy A Quark, 2013. "Institutional Mobility and Mutation in the Global Capitalist System: A Neo-Polanyian Analysis of a Transnational Cotton Standards War, 1870–1945," Environment and Planning A, , vol. 45(7), pages 1588-1604, July.
    7. Fred Block, 2008. "Swimming Against the Current: The Rise of a Hidden Developmental State in the United States," Politics & Society, , vol. 36(2), pages 169-206, June.
    8. Andrew Schrank & Josh Whitford, 2009. "Industrial Policy in the United States: A Neo-Polanyian Interpretation," Politics & Society, , vol. 37(4), pages 521-553, December.

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