This pretty much jibes with Thomas Ferguson's analysis of party competition. He notes that the industrial structure in Germany brought about a New Order to deal with labor activity, whereas the US got the New Deal. I'm simplifying, but capital-intensive business here was able to foot the bill for Roosevelt, whereas labor-intensive business in Germany preferred a more "direct" approach to labor control. So, I'd say Ferguson adds a bit more detail to the picture. He also analyzes industrial structure and party competition along other dimensions (e.g., "internationalism"), but this one (labor composition) is pretty fundamental.