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How Will Capitalism End? - Essays on a Failing System (Paperback)
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How Will Capitalism End? - Essays on a Failing System (Paperback)
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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.
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