The Crises of Democratic Capitalism

2011/09/30 by Wolfgang Streeck · 436 citations
Social Sciences · #Capitalism #Democracy #Economics #Law #Political Economy and Marxism #Political economy #Political science #Politics

paper · open access · doi:10.64590/mni

published in New Left Review 2(71), 5-29 (Routledge)

openalex publication_date 2011/09/30 · openalex created_date 2025/10/10 · openalex updated_date 2026/08/04

Abstract

The roots of today’s Great Recession are usually located in the financial excesses of the 1990s. Wolfgang Streeck traces a much longer arc, from 1945 onwards, of tensions between the logic of markets and the wishes of voters—culminating, he argues, in the international tempest of debt that now threatens to submerge democratic accountability altogether beneath the storm-waves of capital.

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