How Will Capitalism End?: Essays on a Failing SystemOne of the “Best Books of the Year”: Guardian • Financial Times • Times Higher Education A major collection of essays that questions whether contemporary capitalism will end with a bang or a whimper—from a leading political economist and the author of Buying Time. After years of ill health, capitalism is now in a critical condition. Growth has given way to stagnation; inequality is leading to instability; and confidence in the money economy has all but evaporated. In How Will Capitalism End?, the acclaimed analyst of contemporary politics and economics Wolfgang Streeck argues that the world is about to change. The marriage between democracy and capitalism, ill-suited partners brought together in the shadow of World War II, is coming to an end. The regulatory institutions that once restrained the financial sector’s excesses have collapsed and, after the final victory of capitalism at the end of the Cold War, there is no political agency capable of rolling back the liberalization of the markets. Ours has become a world defined by declining growth, oligarchic rule, a shrinking public sphere, institutional corruption and international anarchy, and no cure to these ills is at hand. |
Contents
CHAPTER 1 | |
The Crises of Democratic Capitalism | |
CHAPTER 3 | |
The Rise of the European Consolidation State | |
Democratic Capitalism and European | |
Why the Euro Divides Europe | |
CHAPTER 8 | |
How to Study Contemporary Capitalism? | |
On Fred Block Varieties of What? Should We Still Be Using | |
Notes | |
CHAPTER 9 | |
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American austerity become capital accumulation capitalist capitalist economy capitalist society cent central banks CHAPTER citizens Colin Crouch collective commodification competitive conflict consumer consumption contemporary capitalism countries culture decades declining deficit demand democracy democratic capitalism dynamic economic growth economic sociology economists employment euro Europe European European Central Bank Eurozone expansion financial markets Frankfurt Frankfurter Allgemeine Zeitung German global historical increasingly individual industry inequality inflation institutions integration interest rates investors Jürgen Habermas Karl Polanyi Keynesian labour market last accessed less liberal Marx Merkel modern monetary moral economy neoliberal nytimes.com OECD one’s ordoliberalism organizations Polanyi political economy political-economic post-war pressures production profit public debt public sociology quantitative easing reform regime result rise Schmitt sector social relations sociologists spending stability standard economics structure theory today’s United University Press varieties of capitalism wage Weber Wolfgang Streeck York