Social democracy in the light of capitalist financial crises
(2014)
Book Chapter
Callaghan, J. (2014). Social democracy in the light of capitalist financial crises. In D. Bailey (Ed.), European Social Democracy During the Global Economic Crisis (chapter 5). Manchester: Manchester University Press
The crisis of 2008 was not the first time that social democratic parties were found wanting when faced with bank and financial failures. But it was the first since they had learned to praise the wisdom as well as the creativity of 'the market'.