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Review: Buying Time by Wolfgang Streeck

By Mathew Lawrence   February 2015

71wl7a-t+vLBuying Time by Wolfgang Streeck (Verso, £14.99)

Democracy or capitalism? That is the stark choice Wolfgang Streeck confronts us with at the end of Buying Time. Based on his 2012 Adorno Lectures, this important, challenging book from the Director of the Max Planck Institute, locates the interlocking democratic, fiscal and economic crises confronting Europe today as the end point of the long transformation of postwar capitalism. That process began in the 1970s when, contrary to the Frankfurt School’s crisis theories capital, not labour, revolted against the constraints of democratic capitalism and began its dissolution.…

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