Spanish socialism: on the road to Marbella

This essay analyzes the underlying social and economic forces that explain the gap between the Spanish Socialist Party's working class base and its pro-business supply-side economic policies. The essay examines the ascendancy of a new professional class linked to financial capital and European...

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Bibliographic Details
Main Author: Petras, James F. 1937- (Author)
Format: Electronic Article
Language:English
Published: 1990
In: Contemporary crises
Year: 1990, Volume: 14, Issue: 3, Pages: 189-217
Online Access: Volltext (lizenzpflichtig)
Check availability: HBZ Gateway
Keywords:
Class Base
Economic Policy
Financial Capital
Industrial Policy
International Relation
Description
Summary:This essay analyzes the underlying social and economic forces that explain the gap between the Spanish Socialist Party's working class base and its pro-business supply-side economic policies. The essay examines the ascendancy of a new professional class linked to financial capital and European multi-national capital that challenges the industrial policies of the Franco right. From an analysis of incomes policy, economic deregulation and state allocation, the study concludes that the Socialists have displaced the traditional Right as the principal representatives of corporate capital — they have become the New Right.
DOI:10.1007/BF00729129