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Let them Eat Social Capital: Socializing the Market versus Marketizing the Social

University of Michigan, peggs{at}umich.edu

Theories of social capital are popular because they claim to insulate society against both the coercion of states and the individualism of markets, as well as to better explain social prosperity and economic performance. But in fact laws, citizenship rights, compulsory associations and political institutions do a much better job of the former, while large-scale civic movements, like Poland’s Solidarity, with demonstrable impacts on the configuration of political power, are the historic keys to democratic prosperity and social confidence.

Key Words: associations • citizenship • civil society • institutions • markets • rights • social capital • unions

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