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Which form of capitalist governance best fosters peace, prosperity, social cohesion, and environmental protection? I argue that making sense of this complexity calls for revisiting the three different principles of capitalist governance: liberty (freeing the market to unleash growth), solidarity (reining in the free market to protect the weak and the environment), and community (safeguarding the group through protectionism and military might). I contend that studying the European Union helps provide insight into how a compromise between liberty, solidarity, and community capitalisms is struck, as the Union is in a constant process of negotiation among bickering members. Dealing with community capitalism, in particular with protectionism and nationalism, has been the most pressing challenge for Europe in the past, not just today. This book will focus on the interaction between capitalism and European integration between 1945 and 2025, drawing on studies from areas of scholarship that rarely enter into dialogue with one other (history, political science, comparative political economy, international relations), as well as through new archival research.
How have European countries coped with the challenge of industrial capitalism and the rise of superpowers? Through an analysis of European integration from 1945 to the present day, Laurent Warlouzet argues that the European response was to create both new institutions and an original framework of governance for capitalism. Beyond the European case, he demonstrates that capitalism is not just a contest between free-markeeters and their opponents, those in favour of welfare and environmental policies, because there is a third camp which defends protectionism and assertive defence policies. Hence, the governance of capitalism has three foundational principles – liberty, solidarity and community. The book explores debates among Europeans about how to address global interdependence in political, economic, and environmental terms. It is based on fresh archival evidence collected in eight countries. This title is also available as open access on Cambridge Core.
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