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Books > Reference & Interdisciplinary > Interdisciplinary studies > Globalization
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Stuck. Political Economy between Globalism and Democracy (Hardcover)
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Stuck. Political Economy between Globalism and Democracy (Hardcover)
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The era of hyperglobalization once hailed as the 'end of history'
was characterised by boundless capitalist expansion. The neoliberal
revolution gave rise to a politics of scale aimed at the
centralization and unification of states and state systems: the
replacement of national with global governance or, in Europe, of
the nation-state with a supranational superstate, the European
Union. The 'New World Order' proclaimed by the United States in the
wake of the Soviet collapse proved to be ungovernable by democratic
means. Instead, it was ruled through a combination of technocracy
and mercatocracy, failing spectacularly to provide for political
stability, social legitimacy and international peace. Marked by a
series of economic and institutional crises, hyperglobalization
gave rise to various kinds of political countermovements that
rebelled against and ultimately stopped the upward transfer of
state authority in its tracks. This book analyses the ongoing
tug-of-war between the forces of globalism and democracy, of
centralization and decentralization, and unification and
differentiation of states and state systems, and how they are tied
to the advance of global capitalism and the prospects for its
social and democratic regulation. Exploring the possibility for
states and the societies they govern to take back control over
their collective fate, the book is an attempt at a renewed theory
of the state in political economy. Inspired by the work of Karl
Polanyi and John Maynard Keynes, it discusses the potential
outlines of a state system allowing for democratic governance
within and peaceful cooperation between sovereign nation-states.
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