How Will Capitalism End?
TLI Signature Lecture and Book Launch
Today, capitalism is in a critical condition. Growth is giving way to secular stagnation; inequality is leading to instability; and confidence in the capitalist money economy has all but evaporated. Capitalism’s shotgun marriage with democracy since 1945 is breaking up as the regulatory institutions restraining its advance have collapsed, and after the final victory of capitalism over its enemies no political agency capable of rebuilding them is in sight. Instead, we are facing at least five worsening disorders for which no cure is at hand: declining growth, oligarchy, starvation of the public sphere, corruption and international anarchy. The lecture’s central question is whether we are witnessing a long and painful period of cumulative decay: of intensifying frictions, of fragility and uncertainty, and of a steady succession of normal accidents – and what can be done about it.
Wolfgang Streeck is one of the most highly regarded sociologists and political economists of our time. His work on corporatism, trade unions and labour, on finance and European democracy has influenced debates in Europe and beyond over the past couple of decades, and his highly acclaimed book, “Buying Time, The Delayed Crisis of Democratic Capitalism” (orig. German 2013, Verso: 2014) has been translated into several languages. Educated in Frankfurt and at Columbia University, he held professorships in Münster and Wisconsin before his appointment to be a director of the Max Planck Institute for the Study of Societies in Germany. Over the course of his career he received numerous scholarly awards and appointments, including visitorships at the European University Institute, the Institute of Advanced Studies Berlin, Sciences Po in Paris, the New School of Social Research and others. He retired from his directorship in Cologne in 2014.
For a recent interview with Professor Streeck, follow this link: http://www.versobooks.com/blogs/2807-order-is-an-exception-not-the-rule-an-interview-with-wolfgang-streeck
The TLI Signature Lecture is part of the 2016-2017 Lectures on Capitalism & Democracy at the Transnational Law Institute. Space is limited.
Verso, London will proudly launch Professor Streeck’s new book “How will Capitalism End? Essays on a Failing System” and have copies available for sale and signing.