The crises of democratic capitalism / Wolfgang Streeck    

Public ISBD Titre : The crises of democratic capitalism Type de document : document électronique Auteurs : Wolfgang Streeck, Auteur Editeur : London [UK] : New Left Review Année de publication : September-October 2011 Importance : 25 p. Langues : Anglais (eng) Catégories : Crise économique et financière Finances internationales Tags : Economie internationale  Capitalisme Résumé : The collapse of the American financial system that occurred in 2008 has since turned into an economic and political crisis of global dimensions.1 How should this world-shaking event be conceptualized? Mainstream economics has tended to conceive society as governed by a general tendency toward equilibrium, where crises and change are no more than temporary deviations from the steady state of a normally well-integrated system. A sociologist, however, is under no such compunction. Rather than construe our present affliction as a one-off disturbance to a fundamental condition of stability, I will consider the ‘Great Recession’2 and the subsequent near-collapse of public finances as a manifestation of a basic underlying tension in the political-economic configuration of advanced-capitalist societies; a tension which makes disequilibrium and instability the rule rather than the exception, and which has found expression in a historical succession of disturbances within the socio-economic order. More specifically, I will argue that the present crisis can only be fully understood in terms of the ongoing, inherently conflictual transformation of the social formation we call ‘democratic capitalism’. En ligne : http://www.newleftreview.org/?page=article&view=2914 The crises of democratic capitalism [document électronique] / Wolfgang Streeck, Auteur . - London (6 Meard Street, W1F 0EG, UK) : New Left Review, September-October 2011 . - 25 p. Langues : Anglais (eng) Catégories : Crise économique et financière Finances internationales Tags : Economie internationale  Capitalisme Résumé : The collapse of the American financial system that occurred in 2008 has since turned into an economic and political crisis of global dimensions.1 How should this world-shaking event be conceptualized? Mainstream economics has tended to conceive society as governed by a general tendency toward equilibrium, where crises and change are no more than temporary deviations from the steady state of a normally well-integrated system. A sociologist, however, is under no such compunction. Rather than construe our present affliction as a one-off disturbance to a fundamental condition of stability, I will consider the ‘Great Recession’2 and the subsequent near-collapse of public finances as a manifestation of a basic underlying tension in the political-economic configuration of advanced-capitalist societies; a tension which makes disequilibrium and instability the rule rather than the exception, and which has found expression in a historical succession of disturbances within the socio-economic order. More specifically, I will argue that the present crisis can only be fully understood in terms of the ongoing, inherently conflictual transformation of the social formation we call ‘democratic capitalism’. En ligne : http://www.newleftreview.org/?page=article&view=2914

Documents numériques

Wolfgang_Streeck,_The_Crises_of_Democratic_Capitalism,_NLR_71,_September_October_2011.pdf Adobe Acrobat PDF

---

1 (1 - 1 / 1)