Wolfgang Streeck: Who Will Pay

What does it mean to say we are in a ‘polycrisis’? Under an increasingly undemocratic capitalism, the countries of the rich world all confront a similar bundle of crises that have sprung up more or less unnoticed. Underlying them is a long-simmering fiscal crisis of the state that is now finally coming to the fore, where the growing demands placed on society by the evolution of contemporary capitalism are clashing with the declining ability of democratic politics to secure the resources needed to meet them. One of the consequences is the notably parallel rise, across all the countries concerned, of new-model opposition parties, critical of the existing order, which threaten to oust the ageing postwar ruling parties from power.

Continue Reading HERE

Image

Photo: Creative-Commons-Licence „Namensnennung 4.0 international“.

Be the first to comment

Leave a Reply

Your email address will not be published.


*