ABSTRACT
The scholar draws on that particular stream in Marxist political economy that largely leaves out the key concept of ownership or property. And indeed, what is striking by its absence in his argument is the notion of common property. That relevance is brought out by the following pair of scholars, who make both economic and sociological case for two advantages of traditional common property systems. After the World War II, the development of Western capitalism took place within the Fordist mode of production, with its accompanying Keynesian macroeconomic policies. British trade unionism reached its peak in 1979, with 12,639,000 members and a density of 53.4 per cent. According to the Workplace Industrial Relations Survey for 1984-90, overall collective bargaining fell from 71 to 54 percent, with the fall in the private sector being from 52 to 41 percent. Privatization of public services has constituted the chief weapon in the armory of neoliberalism.
