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Abstract:
The recent work of the German social scientist Wolfgang Streeck provides a powerful and salutary analysis of the recent history, and likely future trajectory, of capitalism. Building on his long-standing and highly influential writings on political economy, corporatism, and European integration, Streeck has produced a provocative series of interventions that incisively challenge the conventional wisdom about the global economic crisis and the travails of the eurozone. Streeck traces their origins to a fundamental tension between democracy and capitalism, a tension which he sees as being decisively resolved in recent years in favour of capitalism. His writings offer no quarter to those who hope to see a more egalitarian model of capitalism emerging from the crisis, but they pose fundamental questions about the left’s prospects that demand the closest attention from social democrats. In this interview Streeck discusses his analysis of the financial crisis, his concerns about the neo-liberal implications of European integration, and his criticisms of the ‘varieties of capitalism’ school.
