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  Buying Time: The Delayed Crisis of Democratic Capitalism

Streeck, W. (2017). Buying Time: The Delayed Crisis of Democratic Capitalism (Second edition, with a new preface). London: Verso.

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Item Permalink: https://hdl.handle.net/11858/00-001M-0000-002C-E6CF-E Version Permalink: https://hdl.handle.net/11858/00-001M-0000-002D-D946-8
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https://www.versobooks.com/books/2390-buying-time (Abstract)
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http://hdl.handle.net/11858/00-001M-0000-000E-EF7B-2 (Supplementary material)
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Translation of: Streeck, Wolfgang (2013): Gekaufte Zeit: Die vertagte Krise des demokratischen Kapitalismus: Frankfurter Adorno-Vorlesungen 2012. Berlin: Suhrkamp
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 Creators:
Streeck, Wolfgang1, Author           
Camiller, Patrick, Translator
Fernbach, David, Translator
Affiliations:
1Institutioneller Wandel im gegenwärtigen Kapitalismus, MPI for the Study of Societies, Max Planck Society, ou_1214549              

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 Abstract: 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.

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Language(s): eng - English
 Dates: 2017
 Publication Status: Issued
 Pages: 288
 Publishing info: London : Verso, Second edition, with a new preface
 Table of Contents: Preface to the second edition
Introduction: Crisis Theory, Then and Now

1 From Legitimation Crisis to Fiscal Crisis
A new type of crisis
Two surprises of crisis theory
The other legitimation crisis and the end of the postwar peace
The long turn: from postwar capitalism to neoliberalism
Buying time

2 Neoliberal Reform: From Tax State to Debt State
Financial crisis: a failure of democracy?
Capitalism and democracy in the neoliberal revolution
Excursus: capitalism and democracy
Starving the beast!
The crisis of the tax state
From tax state to debt state
Debt state and distribution
The politics of the debt state
Debt politics as international financial diplomacy

3 The Politics of the Consolidation State: Neoliberalism in Europe
Integration and liberalization
The European Union as a liberalization machine
Institutional change: from Keynes to Hayek
The consolidation state as a European multilevel regime
Fiscal consolidation as a remodelling of the state
Growth: back to the future
Excursus on regional growth programmes
On the strategic capacity of the European consolidation state
Resistance within the international consolidation state

4 Looking Ahead
What now?
Capitalism or democracy
The euro as a frivolous experiment
Democracy in Euroland?
In praise of devaluation
For a European Bretton Woods
Gaining time

Notes
Bibliography
Index
 Rev. Type: -
 Identifiers: ISBN: 978-1-78663-071-1
 Degree: -

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