Buying Time

The Delayed Crisis of Democratic Capitalism
Product Number: EB00177091
Released: Jun 03, 2014
Business Term: Purchase
ISBN: #9781781686195
Publisher: Verso
Please log in to view pricing


The aftershocks of the economic crisis that began in 2008 still rock the world, and have been followed by a crisis in democratic governance. The gravity of the situation is matched by a general paucity of understanding as to precisely what is happening and how it started. In this new edition of a highly acclaimed book, Wolfgang Streeck revisits his recent arguments in the light of Brexit and the continued crisis of the EU. These developments are only the latest events in the long neoliberal transformation of postwar capitalism that began in the 1970s, a process that turned states away from tax toward debt as a source of revenue, and from that point into the 'consolidation state' of today. Central to this analysis is the changing relationship between capitalism and democracy-in Europe and elsewhere-and the advancing immunization of the former against the latter.

Author(s): Wolfgang Streeck
Original Publish Date: Jun 03, 2014

Sign up for our email newsletter