Buying Time: The Delayed Crisis of Democratic Capitalism

Buying Time: The Delayed Crisis of Democratic Capitalism

by Wolfgang Streeck
     
 

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The financial and economic crisis that began in 2008 still has the world on tenterhooks. The gravity of the situation is matched by a general paucity of understanding about what is happening and how it started. 

In this book, based on his 2012 Adorno Lectures given in Frankfurt, Wolfgang Streeck places the crisis in the context of the long neoliberal

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Overview

The financial and economic crisis that began in 2008 still has the world on tenterhooks. The gravity of the situation is matched by a general paucity of understanding about what is happening and how it started. 

In this book, based on his 2012 Adorno Lectures given in Frankfurt, Wolfgang Streeck places the crisis in the context of the long neoliberal transformation of postwar capitalism that began in the 1970s. He analyses the subsequent tensions and conflicts involving states, governments, voters and capitalist interests, as expressed in inflation, public debt, and rising private indebtedness. Streeck traces the transformation of the tax state into a debt state, and from there into the consolidation state of today. At the centre of the analysis is the changing relationship between capitalism and democracy, in Europe and elsewhere, and the advancing immunization of the former against the latter.

Editorial Reviews

From the Publisher
 "In its best parts – when political passion connects with critical exposition of the facts and incisive argument – Streeck’s sweeping and empirically founded inquiry reminds one of Karl Marx’sEighteenth Brumaire of Louis Bonaparte." –JÜRGEN HABERMAS 

"Is electoral democracy compatible with the type of economic policies the EU – backed at a distance by Washington and Wall Street – wants to impose? This is the question posed by the Cologne-based sociologist Wolfgang Streeck in Buying Time, a book that is provoking debate in Germany." –SUSAN WATKINS, LONDON REVIEW OF BOOK S 

"Streeck has here provided an excellent and challenging account of the current state of relations between capitalism and democracy. His concept of a state whose democratic responsibilities to voters are required systematically to be shared with and often trumped by those to creditors takes us a major step forward." –COLIN CROUCH

Product Details

ISBN-13:
9781781685488
Publisher:
Verso Books
Publication date:
06/03/2014
Pages:
192
Sales rank:
907,985
Product dimensions:
5.50(w) x 8.30(h) x 0.80(d)

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