Description
The provocative political thinker asks if it is going to be with a bang or a whimper
After years of unwell health, capitalism is now in a essential condition. Growth has given strategy to stagnation; inequality is leading to instability; and confidence within the money economy has all but evaporated.
In How Will Capitalism End?, the acclaimed analyst of up to date politics and economics Wolfgang Streeck argues that the world is about to change. The marriage between democracy and capitalism, unwell-suited partners brought together within 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 on the end of the Cold War, there’s no political agency in a position to rolling back the liberalization of the markets.
Ours has transform 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.