Jump to ContentJump to Main Navigation
Safeguarding Democratic CapitalismU.S. Foreign Policy and National Security, 1920-2015$
Users without a subscription are not able to see the full content.

Melvyn P Leffler

Print publication date: 2019

Print ISBN-13: 9780691196510

Published to Princeton Scholarship Online: May 2020

DOI: 10.23943/princeton/9780691196510.001.0001

Show Summary Details
Page of

PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PRSO for personal use.date: 28 June 2022



The “State,” The “West,” and the Cold War

(p.221) 7 Victory
Safeguarding Democratic Capitalism

Melvyn P. Leffler

Princeton University Press

This chapter argues that the West “won” the Cold War because statesmen made systems of democratic capitalism and social democracy work effectively. The challenge for democratic leaders throughout the world was to thwart the appeal of communism and co-opt revolutionary nationalist movements. To do so, they had to reinvent the role of government—not to supplant markets, but to make markets work more effectively and equitably. They avoided intracapitalist conflict, won the support of their own peoples, and created a culture of consumption that engendered the envy of peoples everywhere. In this contest over rival systems of political economy, the role of government was not the problem; it was part of the solution. But it had to be calibrated carefully.

Keywords:   Cold War, democratic capitalism, social democracy, government, markets, consumption, political economy

Princeton Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.