Cover image for How will capitalism end? : essays on a failing system / Wolfgang Streeck.
Title:
How will capitalism end? : essays on a failing system / Wolfgang Streeck.
ISBN:
9781784784010
Publication Information:
London : Verso, 2016.
Physical Description:
x, 262 pages : illustration ; 23 cm
Contents:
How will capitalism end? -- The crises of democratic capitalism -- Citizens as customers: considerations on the new politics of consumption -- The rise of the European consolidation state -- Markets and people: democratic capitalism and European integration -- Heller, Schmitt and the euro -- Why the euro divides Europe -- Comment on Wolfgang Merkel, 'Is capitalism compatible with democracy?' -- How to study contemporary capitalism? -- On Fred Block, 'Varieties of what? Should we still be using the concept of capitalism?' -- The public mission of sociology.
Abstract:
"The provocative political thinker asks if it will be with a bang or a whimper In How Will Capitalism End? the acclaimed analyst of contemporary politics and economics Wolfgang Streeck argues that capitalism is now in a critical condition. Growth is giving way to secular stagnation; inequality is leading to instability; and confidence in the capitalist money economy has all but evaporated. Capitalism's shotgun marriage with democracy since 1945 is breaking up as the regulatory institutions restraining its advance have collapsed, and after the final victory of capitalism over its enemies no political agency capable of rebuilding them is in sight. The capitalist system is stricken with at least five worsening disorders for which no cure is at hand: declining growth, oligarchy, starvation of the public sphere, corruption and international anarchy. In this arresting book Wolfgang Streeck asks if we are witnessing a long and painful period of cumulative decay: of intensifying frictions, of fragility and uncertainty, and of a steady succession of 'normal accidents'"-- Provided by publisher.

"In How Will Capitalism End? the acclaimed analyst of contemporary politics and economics Wolfgang Streeck argues that capitalism is now in a critical condition. Growth is giving way to secular stagnation; inequality is leading to instability; and confidence in the capitalist money economy has all but evaporated. Capitalism's shotgun marriage with democracy since 1945 is breaking up as the regulatory institutions restraining its advance have collapsed, and after the final victory of capitalism over its enemies no political agency capable of rebuilding them is in sight. The capitalist system is stricken with at least five worsening disorders for which no cure is at hand: declining growth, oligarchy, starvation of the public sphere, corruption and international anarchy. In this arresting book Wolfgang Streeck asks whether we are witnessing a long and painful period of cumulative decay: of intensifying frictions, of fragility and uncertainty, and of a steady succession of "normal accidents.""-- Provided by publisher.
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Summary

Summary

The provocative political thinker asks if it will be with a bang or a whimper

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 Two, 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.


Author Notes

Wolfgang Streeck is the Director of the Max Planck Institute for Social Research in Cologne and Professor of Sociology at the University of Cologne. He is an Honorary Fellow of the Society for the Advancement of Socio-Economics and a member of the Berlin Brandenburg Academy of Sciences as well as the Academia Europaea. His previous books include Buying Time: The Delayed Crisis of Democratic Capitalism .


Table of Contents

List of Figuresp. vii
A Note on the Textp. ix
Introductionp. 1
Chapter 1 How Will Capitalism End?p. 47
Chapter 2 The Crises of Democratic Capitalismp. 73
Chapter 3 Citizens as Customers: Considerations on the New Politics of Consumptionp. 95
Chapter 4 The Rise of the European Consolidation Statep. 113
Chapter 5 Markets and Peoples: Democratic Capitalism and European Integrationp. 143
Chapter 6 Heller, Schmitt and the Europ. 151
Chapter 7 Why the Euro Divides Europep. 165
Chapter 8 Comment on Wolfgang Merkel, 'Is Capitalism Compatible with Democracy?'p. 185
Chapter 9 How to Study Contemporary Capitalism?p. 201
Chapter 10 On Fred Block, 'Varieties of What? Should We Still Be Using the Concept of Capitalism?'p. 227
Chapter 11 The Public Mission of Sociologyp. 237
Indexp. 253

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