Peter Taylor-Gooby's recent contribution to the debate on globalisatio
n and the logic of welfare retrenchment with which it has come to be s
o closely associated (1997), represents a valuable and timely interven
tion in a debate whose significance can scarcely be over-stated. Our a
ssessment of the extent to which the contours of the contemporary glob
al political economy circumscribe the parameters of the politically an
d economically possible is crucial to our understanding of the traject
ory and future of the welfare state in a post-Keynesian era, as it is
to any attempt to reclaim a positive agenda for welfare reform in a co
ntext in which social policy is increasingly being subordinated to the
perceived imperative(s) of economic competitiveness. Yet, despite its
important challenge to the equation of globalisation, 'new times' (ho
wever labelled) and welfare retrenchment, Taylor-Gooby's intervention
is not unproblematic, The counterposing of an 'old sociology' concerne
d with class, capital and the state with a 'new sociology' of fragment
ation and diversity (a sociology of and for new times) is ultimately u
nhelpful. It presents an artificially stark choice between a celebrati
on of the novel that threatens to prove complicit with contemporary we
lfare reform on the one hand, and a reassertion of continuity and the
continuing relevance of 'second-best theory' on the other. It is the a
rgument of this brief response that is only by rejecting the dualistic
pairings of 'old' and 'new' sociology,'old' and 'new' times alike, th
at we can fashion a sociology and attendant political economy capable
of detailing the complex and contingent processes currently restructur
ing the welfare state and of charting the space for positive alternati
ve trajectories of welfare reform, In so doing we must resist the temp
tation to make do with second-best.