It would be difficult to maintain that prevailing theories of industrial relations have been able to comprehend the tendencies that emerged in the recent world economic crisis (Sapelli 2008). State of the art discussions and scientific predictions circulating in Europe shortly before the crisis were dominated by functionalist theories. According to these approaches, the European monetary union and the liberalisation process should have brought about, through a mechanical institutional and social adjustment, a convergence in the behaviour of individual actors and especially the behaviour of the collective bodies through which interest groups are organised. These views, which failed entirely to perceive the approaching crisis, affirmed the universal validity of so-called neocorporatist concentration.

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