| 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 |
|
