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Buying Time : The Delayed Crisis of Democratic Capitalism, Paperback by Stree...

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“May show signs of wear, highlighting, writing, and previous use. This item may be a former library ...
ISBN
9781786630711
Book Title
Buying Time : the Delayed Crisis of Democratic Capitalism
Item Length
7.8in
Publisher
Verso Books
Publication Year
2017
Format
Trade Paperback
Language
English
Item Height
0.9in
Author
Wolfgang Streeck
Genre
Business & Economics, Political Science
Topic
International / Economics, Globalization, Labor, Political Ideologies / Democracy
Item Width
5.1in
Item Weight
11.2 Oz
Number of Pages
288 Pages

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Product Information

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.

Product Identifiers

Publisher
Verso Books
ISBN-10
1786630710
ISBN-13
9781786630711
eBay Product ID (ePID)
224017345

Product Key Features

Book Title
Buying Time : the Delayed Crisis of Democratic Capitalism
Author
Wolfgang Streeck
Format
Trade Paperback
Language
English
Topic
International / Economics, Globalization, Labor, Political Ideologies / Democracy
Publication Year
2017
Genre
Business & Economics, Political Science
Number of Pages
288 Pages

Dimensions

Item Length
7.8in
Item Height
0.9in
Item Width
5.1in
Item Weight
11.2 Oz

Additional Product Features

Lc Classification Number
Hb501
Reviews
"A superbly provocative work of political economy." --Aditya Chakrabortty, Guardian "For anyone interested in understanding the bind democracies are in, this is a vital if sobering book which has a troubling, if convincing, conclusion." --Matthew Lawrence, Prospect "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. Streeck argues that since Western economic growth rates began falling in the 1970s, it has been increasingly hard for politicians to square the requirements of profitability and electoral success; attempts to do so ('buying time') have resulted in public spending deficits and private debt. The crisis has brought the conflict of interests between the financial markets and the popular will to a head: investors drive up bond yields at the 'risk' of an election. The outcome in Europe will be either one or the other, capitalist or democratic, Streeck argues; given the balance of forces, the former appears most likely to prevail. Citizens will have nothing at their disposal but words--and cobblestones." --Susan Watkins, London Review of Books "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, author of Coping With Post-Democracy "Argues that ever since the 1970s, governments in the west have been 'buying time' for the existing social and political order ... a timely corrective." -- Larry Elliott, Guardian "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's Eighteenth Brumaire of Louis Bonaparte ." -- Jürgen Habermas "Logically organized, well argued, scholarly informed, and rich in theoretical references and statistical series covering nearly six decades." -- Robert Boyer, ILR Review "[ Buying Time ] reinvigorates the tradition to reflect on the inherent friction between democracy and capitalism in broad historical analyses ... Without any doubt, Buying Time developes a fascinating and highly compelling narrative of the delayed crisis of capitalism. [One of the] must reads for everyone interested in the Eurozone crisis and critique of capitalism more broadly--with an academic background or as an interested citizen." --Elias Steinhilper and Haris Malamidis, European Political Science, "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. Streeck argues that since Western economic growth rates began falling in the 1970s, it has been increasingly hard for politicians to square the requirements of profitability and electoral success; attempts to do so ('buying time') have resulted in public spending deficits and private debt. The crisis has brought the conflict of interests between the financial markets and the popular will to a head: investors drive up bond yields at the 'risk' of an election. The outcome in Europe will be either one or the other, capitalist or democratic, Streeck argues; given the balance of forces, the former appears most likely to prevail. Citizens will have nothing at their disposal but words--and cobblestones." --Susan Watkins, London Review of Books
Copyright Date
2017
Target Audience
Trade
Dewey Decimal
330.12/2
Dewey Edition
23
Illustrated
Yes

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