A growing body of literature, broadly referred to as the 'new politics of t
he welfare state', seeks to explain the constellation of pressures that con
dition how affluent societies are restructuring their broadly popular and d
eeply entrenched welfare states. Yet, while greatly increasing our awarenes
s of the processes of retrenchment and, to a lesser extent, reformulation,
the new politics remains overly de-politicised. With the imperatives of pos
tindustrial adjustment and globalisation impelling leaders to restructure t
heir costly social programmes and watchful electorates, entrenched interest
s and sticky institutions obliging them to practise modesty, welfare state
restructuring has been reduced to a collision between structural necessitie
s and institutional and political constraints. This 'sandwiching' of politi
cal leadership circumvents the critical role political agency can play in c
rafting welfare reform.