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Last Call: Time Is Running Out on Capitalism and Democracy in Europe


Streeck,  Wolfgang
Institutioneller Wandel im gegenwärtigen Kapitalismus, MPI for the Study of Societies, Max Planck Society;

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Streeck, W. (2016). Last Call: Time Is Running Out on Capitalism and Democracy in Europe. Talk presented at 4th SPERI Conference: Political Economy in an Age of Great Uncertainty. Sheffield. 2016-07-04 - 2016-07-06.

Cite as: https://hdl.handle.net/11858/00-001M-0000-002B-57DD-0
In this talk, Wolfgang Streeck briefly reconstructs the post-war relationships between democracy and capitalism and shows how the trajectory of ‘democratic capitalism’ has increasingly favoured a social and economic model that prioritises the imperatives of the market and of business profitability over the requirements of democratic equality and social solidarity with worrying consequences. With today’s growing debt and inequality, Streeck warns that this is a time to ‘let sink in the enormity of the challenge we are facing’ and not rush to quick and possibly erroneous conclusions.