In recent years, a discussion has emerged about the persistence of the Nordic model of welfare. A small but growing body of literature argues financialisation and related processes of marketisation...Show moreIn recent years, a discussion has emerged about the persistence of the Nordic model of welfare. A small but growing body of literature argues financialisation and related processes of marketisation and neoliberalisation to be at the core of the decline - or even the end - of the model. This thesis looks at the cases of Denmark and Norway between 2008 and 2021 in order to determine the extent to which we can still speak of a Nordic model of welfare. A set of indicators is introduced for each of three defining features of the model: universalism, decommodification and government commitment to full employment. Findings indicate that, though the system has weakened in some parts, it would be undue to speak of a strong decline of the Nordic model for the given period of time, let alone the end of it.Show less
While theoretical literature on Varieties of Capitalism routinely labels Germany as an instance of a coordinated market economy, the apparent inability or unwillingness of the country’s government...Show moreWhile theoretical literature on Varieties of Capitalism routinely labels Germany as an instance of a coordinated market economy, the apparent inability or unwillingness of the country’s government to address deleterious effects and risks of financialisation raises important questions about the character of the country’s economic governance and how and to what extent it may be changing and why. Germany – the centre of Euro-capitalism - has failed to hold its banks accountable for various incidents of questionable behaviour during, before, and after the crisis, also in the context of the Cum-Ex tax scandal and the non-implementation of a financial transaction tax. While attempts at regulating finance have been ineffective in most countries, it nonetheless remains mostly unclear why states fail in the face of increasing inequality and widespread voter discontent with recent developments in German and European capitalism.Show less
