How Will Capitalism End? Essays on a Failing System

Read How Will Capitalism End Essays On A Failing System Author Wolfgang Streeck The Provocative Political Thinker Asks If It Will Be With A Bang Or A Whimper After Years Of Ill Health, Capitalism Is Now In A Critical Condition Growth Has Given Way To Stagnation Inequality Is Leading To Instability And Confidence In The Money Economy Has All But Evaporated.In How Will Capitalism End , The Acclaimed Analyst Of Contemporary Politics And Economics Wolfgang Streeck Argues That The World Is About To Change The Marriage Between Democracy And Capitalism, Ill Suited Partners Brought Together In The Shadow Of World War Two, Is Coming To An End The Regulatory Institutions That Once Restrained The Financial Sector S Excesses Have Collapsed And, After The Final Victory Of Capitalism At The End Of The Cold War, There Is No Political Agency Capable Of Rolling Back The Liberalization Of The Markets.Ours Has Become A World Defined By Declining Growth, Oligarchic Rule, A Shrinking Public Sphere, Institutional Corruption And International Anarchy, And No Cure To These Ills Is At Hand.How Will Capitalism End? Essays on a Failing System

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  • Hardcover
  • 272 pages
  • How Will Capitalism End? Essays on a Failing System
  • Wolfgang Streeck
  • English
  • 19 July 2019
  • 9781784784010

10 thoughts on “How Will Capitalism End? Essays on a Failing System

  1. says:

    Read at your own risk Democratic capitalism was fully established only after the Second World War and then only in the Western parts of the world, North America and Western Europe There it functioned extraordinarily well for the next two decades so well, in fact, that this period of uninterrupted economic growth still dominates our ideas and expectations of what modern capitalism is, or could and should be This is in spite of the fact that, in the light of the turbulence that followed, the quarter century immediately after the war should be recognizable as truly exceptional Indeed, I suggest that it is not the trente glorieuses but the series of crises which followed that represents the normal condition of democratic capitalism a condition ruled by an endemic conflict between capitalist markets and democratic politics p 72______________________When I read my GR friend David M s review of Wolfgang Streeck s latest book, How Will Capitalism End , I decided that I had to read it for two reasons first, while I already agreed with Streeck that, What comes after capitalism in its final crisis, now underway, is, l suggest, not socialism or some other defined so...

  2. says:

    A general logic of crisis is how capitalism will end Shades of Habermas For political economists and all those that strive to think like one, check out this book review if you didn t catch it in LRB Shared by a political eco...

  3. says:

    Compulsive PontificationStreeck s academic thesis is straightforward Capitalism has adapted successfully to the conditions it itself has created since its formation in the late 18th century But capitalism now lacks potential responses to future crisis Economic policy makers, he believes, have run out of effective economic antibiotics and must simply wait for the next evolved super bug to strike Streeck is agnostic about the source of the next crisis ecological devastation, inadequate consumer demand, technological stagnation, declining returns, social inequality, political un sustainability are certainly candidates But believes that the end of the system which has come to dominate the planet is nigh through some combination of these, or from as yet undetected evils.The logic supporting Streeck s argument is roughly this The future of the world economy is not simply indeterminate but what he calls multi morbid That is, so many things could go wrong, there are so many bugs out there, that some of them are bound to evolve immunity, and when they do the interactions with the Body Politic and Economic will be so complex that neither economists nor national governments will have a clue about how to treat the effects His evidence for this claim is mainly the disagreement among economists about what is likely to happen to ...

  4. says:

    Read this book.Though I do believe it s now too late to vote in the prestigious goodreads choice awards, this would get my nod for best nonfiction published in 2016.In a recent interview with the Jacobin, Streeck said that the most pressing task for the left right now is to sober up Well, this book particularly the introduction and title essay certainly has that effect profoundly sobering, not to say devastating Before 11 8, I would have found his analysis interesting but somewhat abstract and possibly exaggerated one of many interesting theories to consider Now that things are playing out the way they are, it s impossible to deny the urgency of his vision.Given the universal humiliation of the media class, the total discrediting of conventional wisdom, it s necessary to delve very deep to get any kind of grip on the present Streeck offers that necessary depth After a youth flirting with anarchism and other various radical identities, I may now be having a socialist awakening In the present context to be a socialist effectively means to be a conservative be in favor ...

  5. says:

    I came across an excellent quote from Wolfgang Streeck in another capitalism is doomed book that I read not long ago, damned if I can remember which one though Thus his name piqued my interest and I was compelled to borrow How Will Capitalism End when I saw it in the library The book consists of eleven essays, none as long as the introduction, on three broad topics capitalism s incompatibility with democracy, the history of capitalism s self destructiveness, and how the discipline of sociology can study the two I am generally suspicious of non fiction collections with fifty page introductions, but concede that sometimes this is necessary to draw together a series of short pieces written at various times for various purposes All chapters have an academic tone, while mostly avoiding specialised technical language Where it was used, the meaning was generally clear from context As the chapters were not originally written with the intention of being collected into a book, there is inevitably some overlap here and there Streeck politely apologises for this in a note at the beginning However he does not apologise for his fondness for footnotes, which verges upon absurd at times Minor matters of presentation aside, th...

  6. says:

    The first essay is 5 star and a must read See David M s review and others After that it gets a bit repetitive His euroscepticism raises very valid concerns but he kind of misses the point in that the purpose of the EU is to prevent further intra European wars, particularly Franco German.

  7. says:

    An interesting read that lacks a strong conclusion or takeaway Yes, Streeck does a great job of showing our path from social democracy to consolidation state via neoliberalism The chapter that focuses on the incompatibility of capitalism and democracy is the strongest aspect of the book and worth the price of admission alone The reason for three stars is his unwillingness to propose a potential solution for the income gap and the mounting obligations of the debt states He briefly mentions getting rid of globalization and re embedding democracy, but then immediately accepts the futility of such a notion I won t even bring up his forecast of a turbulent future with an under governmented society if I remember correctly that was his exact term His observations are well presented but are certainly not ground breaking I give him big bonus points, however, for recognizing the failure of the welfare state a signifi...

  8. says:

    Interesting review by Adam Tooze on this work in the London Review of Books A General Logic of Crisis Streeck believesCapitalism will end not because it faces serious opposition but because over the course of the coming decades and centuries it can be relied on to consume and destroy its own foundations We should expect ever intensifying stagnation, inequality, the plundering of the public domain, corruption and the escalating risk of major war, all of this accompanied by a pervasive erosion of social order, generalised social entropy Indeed, according to Streeck we have at least since the 1970s been living in what he refers to as a post social society a society lite We cope individually with conditions of increasing uncertainty, while at the macro level both society and economy become increasingly ungovernable Life in a society of this kind, he writes, demands constant improvisation, forcing individuals to substitute ...

  9. says:

    Comfortably the most provocative thing about this book is its title.Away from that, this collection of twelve essays on the decline of the market economy is very sober and sedate It s certainly no call to arms Neither its content nor its style relate in any way to the sundry cod revolutionaries who endorse it on the cover Streeck, a serious sociologist, is nothing like them His answer to the question he asks on the cover of the book can be summarized in a rather apologetic we don t know for sure that capitalism will end, we just know it s in trouble He does not foresee a new world order and he does not propose an alternative system He merely predicts that the current struggle between what he calls democracy and market forces will remain unresolved, leading to permanent instability and unpredictability, with all that entails.The basic assumption in the background of the book, never fully articulated the best effort to do so is in Chapter 8 , is that the capitalism system as we know it the kind that 1 helps us best to decide where to allocate our marginal resources and the kind where 2 democracy and market forces have worked in relative harmony is a special type of system that can only thrive if it is hosted and supported by strong institutions, including a government that sets and enforces basic rules and regulations regarding what it is we re allowed to own, whether we re allowed to transfer ownership, how much market power businesses...

  10. says:

    Streeck is an exceptionally clear writer, and he makes a cogent case throughout these essays on the ongoing transformation of capitalism but into what Just chaos, it seems For the decline of capitalism to continue, that is to say, no revolutionary alternative is required, and certainly no masterplan of a better society displacing capitalism Contemporary capitalism is vanishing on its own, collapsing from internal contradictions, and not least as a result of having vanquished its enemies who, as noted, have often rescued capitalism from itself by forcing it to assume a new form What comes after capitalism in its final crisis, now under way, is, I suggest, not socialism or some other defined social order, but a lasting interregnum no new world system equilibrium la Wallerstein, but a prolonged period of social entropy or disorder and precisely for this reason a period of uncertainty and indeterminacy And then I anchor this condition in a variety of interrelated developments, such as declining growth intensifying distributional conflict the rising inequality that results from this vanishing macroeconomic manageability, as manifested in among other things, steadily growing indebtedness, a pumped up money supply, and the ever present possibility of another economic breakdown a suspension of post war capitalism s engine of social progr...

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