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Buying Time – The Delayed Crisis of Democratic Capitalism

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(2014)

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  1. Wolfgang Streeck on the Origins of Capitalist Crisis.Samuel Sadian - 2024 - Theoria: A Journal of Social and Political Theory 71 (179):1-27.
    Shortly after the financial crisis of 2008, Wolfgang Streeck emerged as a highly influential and ambitious critical theorist of capitalism and crisis. Streeck's crisis theory of capitalism is built around an account of neoliberal policy reform as a family of responses to economic upheavals that first emerged during the 1970s. Based on an analysis of four major shocks all occurring in that decade, I argue that Streeck's crisis theory is excessively economistic in its understanding of the crisis tendencies that first (...)
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  • Inflationary Pressure and Revolutionary Destabilization: Impact Assessment and Comparative Analysis.Andrey Zhdanov & Andrey Korotayev - 2024 - Sociology of Power 36 (2):113-141.
    There are some theoretical grounds to expect that general inflation can have an ambiguous effect on the likelihood of the outbreak of revolutionary actions: while high inflation has a positive effect on revolutionary activity, moderate inflation reduces the likelihood of revolution, whereas negative inflation values again increase revolutionary activity. At the same time, many researchers suggest to treat separately food inflation as a significant predictor of the unfolding of revolutionary processes, because food inflation is a much more sensitive macroeconomic indicator (...)
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  • Senses of the Future: Conflicting Ideas of the Future in the World Today.Gerard Delanty - 2024 - De Gruyter.
    The future has become a problem for the present. Almost every critical issue is now understood and experienced through the prism of the future since this is the primary focus for the playing out of crises. Senses of the Future offers a wide-ranging discussion of theories of the future. It covers the main ideas of the future in modern thought and explores how we should view the future today in light of a plurality of very different and conflicting visions. The (...)
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  • Green republicanism and the 'crises of democracy'.Andy Scerri - forthcoming - Environmental Politics:1-32.
    Efforts to ‘green’ civic republican thought link environmentalist with democratic ends. Such efforts cast both as contributions to virtuous world-making that contests ‘actually existing unsustainability’ and, so, seeks to realize freedom as nondomination. In the context of the erosion of both democratic and environmentalist achievements since the 1970s, however, a focus on contestation’s other side, the ‘world-unmaking’ virtue of obstruction, is warranted. ‘Democratic’ interpreters of Niccolò Machiavelli’s work urge such an understanding of political virtue, which they ground not in equal (...)
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  • Technocracy as a thin ideology.Stefan Rummens - 2024 - Constellations 31 (2):174-188.
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  • Social Media and the Digital Structural Transformation of the Public Sphere.Philipp Staab & Thorsten Thiel - 2022 - Theory, Culture and Society 39 (4):129-143.
    This article explores the question of how to understand social media following the Habermasian theory of the structural transformation of the public sphere. We argue for a return to political-economic fundamentals as the basis for analysing the public sphere and seek to establish a characteristic connection between digital-behavioural control and singularised audiences in the context of proprietary markets. In the digital constellation, it is less a matter of immobilising the citizen as a consumer but rather of their political activation – (...)
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  • A New Structural Transformation of the Public Sphere? An Introduction.Martin Seeliger & Sebastian Sevignani - 2022 - Theory, Culture and Society 39 (4):3-16.
    The political public sphere is important for democracy, and it is changing – this is how the quintessence of Jürgen Habermas’s monumental study on The Structural Transformation of the Public Sphere (1989) could be summarized in simple words. In the fields of political sociology and social theory, history, but also research on social movements, cultural studies, and media and communication studies, his conception of the public sphere as a sphere mediating between the state and civil society has had a decisive (...)
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  • Re-Embedding the Market: Institutionalizing Effective Environmentalism.Arran Gare - 2022 - In Andrew M. Davis, Maria-Terisa Teixeira & Andrew Schwartz (eds.), Nature in Process: Organic Proposals in Philosophy, Society and Religion. Process Century Press. pp. 145-169.
    Karl Polanyi in The Great Transformation diagnosed what had happened in the Nineteenth Century that led to poverty, increasingly wild economic fluctuations, increasingly severe depressions, and social dislocation and oppression on a massive scale – the market had been disembedded from communities which were then subjected to the imperatives of a supposedly autonomous market. In fact, such disembedding and imposition of these imperatives was a deliberate strategy developed as a means to impose exploitative relations on people, in opposition to ideas (...)
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  • (2 other versions)Genealogy and politics of equality: Pierre Rosanvallon's relational egalitarianism.Johannes Hoerning - 2022 - Constellations 29 (1):34-47.
    Constellations, Volume 29, Issue 1, Page 34-47, March 2022.
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  • Is Confucian Political Meritocracy a Viable Alternative to Democracy? A Critical Engagement with Tongdong Bai.Yun Tang - 2023 - Journal of Value Inquiry 57 (4):625-640.
    In lieu of Abstract: With inequality of various sorts ballooning worldwide, a critique of democracy has come of age, and a change of political ethos is underway. Against this background, the critique of democracy becomes not only possible but also popular, and examples in China and many Western democracies abound. It is no exaggeration to say, in this context, that sufficient momentum has gathered to qualify the situation as "democratic recession," despite people may have different understandings as to the exact (...)
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  • Realism against Legitimacy.Samuel Bagg - 2022 - Social Theory and Practice 48 (1):29-60.
    This article challenges the association between realist methodology and ideals of legitimacy. Many who seek a more “realistic” or “political” approach to political theory replace the familiar orientation towards a state of justice with a structurally similar orientation towards a state of legitimacy. As a result, they fail to provide more reliable practical guidance, and wrongly displace radical demands. Rather than orienting action towards any state of affairs, I suggest that a more practically useful approach to political theory would directly (...)
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  • (1 other version)The capital flight quadrilemma: Democratic trade-offs and international investment.Michael Bennett - 2021 - Ethics and Global Politics 4 (14):199-217.
    This article argues that capital flight of real investment presents governments with a quadrilemma. First, governments can tailor their policies to attract investors – but this is incompatible with a whole range of alternative policy choices. Second, they can simply accept capital flight – but this is incompatible with a robust capital stock and tax base. Third, they can harmonize its taxes and regulations with other states – but this is incompatible with international independence. Fourth, they can impose capital controls (...)
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  • (1 other version)After Neoliberalism: From Eco-Marxism to Ecological Civilisation, Part 2.Arran Gare - 2021 - Capitalism Nature Socialism 32.
    This is Part 2 of an article aimed at defending Marx against orthodox Marxists to reveal the possibilities for overcoming capitalism. It is argued that Marx’s general theory of history is inconsistent with his profound insights into alienation and commodity fetishism as the foundations of capitalism. Humanist Marxists focused on the latter in opposition to Orthodox Marxists, but without fully acknowledging this inconsistency and its implications, failed to realize the full potential of Marx’s work. The outcome has been the triumph (...)
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  • Democratic Patterns of Interaction as a Norm for the Workplace.Roberto Frega - 2019 - Journal of Social Philosophy 51 (1):27-53.
    Journal of Social Philosophy, EarlyView.
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  • Financial Neoliberalism and Exclusion with and beyond Foucault.Tim Christiaens - 2019 - Theory, Culture and Society 36 (4):95-116.
    In the beginning of the 1970s, Michel Foucault dismisses the terminology of ‘exclusion’ for his projected analytics of modern power. This rejection has had major repercussions on the theory of neoliberal subject-formation. Many researchers disproportionately stress how neoliberal dispositifs produce entrepreneurial subjects, albeit in different ways, while minimizing how these dispositifs sometimes emphatically refuse to produce neoliberal subjects. Relying on Saskia Sassen’s work on financialization, I argue that neoliberal dispositifs not only apply entrepreneurial norms, but also suspend their application for (...)
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  • Mass Hypnoses: The Rise of the Far Right from an Adornian and Freudian Perspective.Claudia Leeb - 2018 - Berlin Journal of Critical Theory 2 (3):59-82.
    Why did millions of people respond to the failures of neoliberal capitalism by voting in leaders that further undermine their existence? In this article, I combine the insights of the early Frankfurt School Critical Theory (Theodor W. Adorno) with the insights of psychoanalytic theory (Sigmund Freud) to show how economic factors interact with psychological factors in the rise of the far-right today. The propaganda techniques used by far-right leaders create conditions in masses that are akin to hypnoses. Such techniques induce (...)
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  • The Right to Credit.Marco Meyer - 2017 - Journal of Political Philosophy 26 (3):304-326.
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  • Rearticulating Contemporary Populism.Michael Bray - 2015 - Historical Materialism 23 (3):27-64.
    Oriented, descriptively, by recent liberal definitions of populism, this essay pursues a historical-materialist definition that grounds populist antagonisms in class struggles as ‘crystallised’ in the capitalist state. A critical assessment of Laclau’s early equation of populism and socialism inaugurates the reading of Poulantzas’s relational account of class and state as a nascent framework for a theory of populism, centred on the state and its ideological crystallisation of individualisation, the mental/manual-labour division and the ‘people-nation’. This framework is then expanded to articulate (...)
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  • Authoritarian Populism, Democracy and the Long Counter-Revolution of the Radical Right.Tarik Kochi - 2023 - Contemporary Political Theory 22 (4):439-459.
    Jan-Werner Müller’s analysis of ‘authoritarian populism’ represents a highly limited approach to the issue that is typical of many mainstream approaches within populism studies and liberal-democratic constitutional theory. Through a critique of Müller, the article develops an account of the historical emergence of authoritarian populism as a ‘long counter-revolution of the radical right’ against the values and institutions of the social-democratic welfare state. Focussing on the USA and UK, the article shows how, rather than being a novel phenomenon emerging from (...)
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  • (2 other versions)Genealogy and politics of equality: Pierre Rosanvallon's relational egalitarianism.Johannes Hoerning - 2022 - Constellations 29 (1):34-47.
    Constellations, Volume 29, Issue 1, Page 34-47, March 2022.
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  • Moralizing about the white working class 'problem' in Appalachia and beyond.Andy Scerri - 2019 - Appalachian Studies 2 (25):205-221.
    Since the global financial meltdown in 2008, moralizing stereo- types of white working-class citizens have proliferated across the United States, the United Kingdom, Australasia, and Europe. Both conservatives and liberals use concepts such as the Appa- lachian hillbilly, the council estate-dwelling chav, and the outer- suburban bogan to allege white working-class citizens’ failure to adapt to the demands of the globalizing political economy. As recent commentators on the Appalachia “problem” note, such moralizing obscures more than it explains, and does so (...)
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  • Handbook of philosophy of management.Cristina Neesham & Steven Segal (eds.) - 2019
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  • Taking back control.Robert Jubb - 2023 - Critical Review of International Social and Political Philosophy 26 (2):159-180.
    Contemporary egalitarian political philosophy has become increasingly interested in the ways the international order may protect or undermine states’ capacities to deliver domestic egalitarianism. This paper draws on Miriam Ronzoni’s helpful discussion of the various different ways in which both philosophical and practical commitments can move beyond a contrast between a world of closed societies and a cosmopolis to explore how successful the theorizing prompted by that interest has been. Problems scholars like Peter Mair and Wolfgang Streeck have suggested the (...)
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  • Performing agency theory and the neoliberalization of the state.Tim Christiaens - 2020 - Critical Sociology 46 (3):393-411.
    According to Streeck and Vogl, the neoliberalization of the state has been the result of political-economic developments that render the state dependent on financial markets. However, they do not explain the discursive shifts that would have been required for demoting the state to the role of an agent to bondholders. I propose to explain this shift via the performative effect of neoliberal agency theory. In 1976, Michael Jensen and William Meckling claimed that corporate managers are agents to shareholding principals, which (...)
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  • Conspiracy Theories in a Networked World.David Singh Grewal - 2016 - Critical Review: A Journal of Politics and Society 28 (1):24-43.
    ABSTRACTThe arrangements characteristic of systems of networked governance are likely to generate conspiracy theories because they rely on informal rather than formal structures of power. A formal hierarchy may be resented, but it is understood by those affected by it; in network systems, by contrast, it is often hard to determine who is in charge, even though such systems can heavily influence or even determine important social outcomes. While conspiracy theories may be motivated by many factors, in a world in (...)
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  • From Frankfurt to CologneStreeckWolfgang, Buying Time – The Delayed Crisis of Democratic Capitalism.Tim Holst Celik - 2016 - Thesis Eleven 137 (1):106-120.
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  • Debating representative democracy.Carlo Invernizzi Accetti, Alessandro Mulieri, Hubertus Buchstein, Dario Castiglione, Lisa Disch, Jason Frank, Yves Sintomer & Nadia Urbinati - 2016 - Contemporary Political Theory 15 (2):205-242.
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  • (1 other version)Review article: forget populism?Andy Scerri - 2022 - Critical Review of International Social and Political Philosophy 25 (2):294-317.
    Contemporary ‘crisis studies’ seek to advance democracy by emphasizing the threats that technocracy and populism pose to a specific form of it, liberal-democracy. Crisis studies argue that, since the 1970s, technocratic policymaking has deepened economic inequality. This has fostered citizenly anger, which populists exploit. Four well-known iterations of this argument are evaluated using a political realist lens. Political realism emphasizes the historical context of politics, actors’ possible motives, and a normative orientation derived from the political order itself, rather than an (...)
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  • False friends: Leftist nationalism and the project of transnational solidarity.Felix Anderl - 2023 - Journal of International Political Theory 19 (1):2-20.
    A growing number of left-wing scholars criticize practices of transnational solidarity. Pointing to the cooptation of “globalism” by neoliberal capitalism, these scholars utilize this critique to advance leftwing nationalism. In this article, I reconstruct symptomatic texts of this genre and identify the critique of (liberal) cosmopolitanism as the common denominator in their calls for nationalizing the Left. As a consequence of their opposition to cosmopolitanism, these authors reject freedom of movement or global justice activism. In order to examine whether the (...)
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  • Reframing Habermas’s colonization thesis: Neoliberalism as relinguistification.Roderick Condon - 2021 - European Journal of Social Theory 24 (4):507-525.
    While the critique of neoliberalism, as the form of contemporary capitalism, has been advanced from Marxian and Foucauldian perspectives, it has had limited attention from the perspective of Critical Theory. Largely unrecognized is the suitability of the theory of reification for this critique, specifically, Habermas’s version. This article reconsiders Habermas’s colonization thesis as the basis for a critical theory of neoliberalism, refining its theoretical framework to deepen its critical diagnosis. Against the dismissal of the system–lifeworld concept, a novel critique is (...)
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  • Cultivating oppositional debt ethics and consciousness: Philosophy for/with children as counter-conduct in the neoliberal debt economy.Jason Thomas Wozniak - 2020 - Childhood and Philosophy 16 (36):01-32.
    In this article, I examine what the ethical and political implications of conceptualizing and practicing philosophy for/with children in the neoliberal debt economy are. Though P4wC cannot alone bring about any significant transformation of debt political-economic realities, it can play an important role in cultivating oppositional debt ethics and consciousness. The first half of this article situates P4wC within the current global debt economy. Here, I summarize the analyses made by critical theorists of the ways that debt impacts public institutions, (...)
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  • Agonistic interventions into public commemorative art: An innovative form of counter‐memorial practice?Anna Cento Bull & David Clarke - 2021 - Constellations 28 (2):192-206.
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  • Elite Power under Advanced Neoliberalism.William Davies - 2017 - Theory, Culture and Society 34 (5-6):227-250.
    The financial crisis, and associated scandals, created a sense of a juridical deficit with regard to the financial sector. Forms of independent judgement within the sector appeared compromised, while judgement over the sector seemed unattainable. Elites, in the classical Millsian sense of those taking tacitly coordinated ‘big decisions’ over the rest of the public, seemed absent. This article argues that the eradication of jurisdictional elites is an effect of neoliberalism, as articulated most coherently by Hayek. It characterizes the neoliberal project (...)
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  • The international order and the persistence of ‘violent extremism’ in the Islamic world.Can Cemgil - 2017 - Philosophy and Social Criticism 43 (4-5):529-538.
    This article explores the relation between the American-led liberal international order and the persistence of ‘violent extremism’ in the Middle East through a questioning of the role of constitutive aspects of this order, namely territoriality of political organization and capitalist organization of world economy, in contributing to the persistence and recurrent formation of militant Islamist groups. It argues that the historical legitimation crisis of this international order in the Middle East and the other conflict-ridden regions of the Islamic world, and (...)
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  • Political participation, social inequalities, and special veto powers.Dirk Jörke - 2016 - Critical Review of International Social and Political Philosophy 19 (3):320-338.
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  • Comment on “On History and Policy: Time in the Age of Neoliberalism”.Wolfgang Streeck - 2015 - Journal of the Philosophy of History 9 (1):33-40.
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  • Plato as a Theorist of Legitimacy.Benjamin M. Studebaker - forthcoming - International Journal of the Platonic Tradition:1-22.
    Scholars of political thought often view Plato as a ‘political moralist’, or a ‘utopian’ partly due to the Republic’s emphasis on ‘justice’. But in the Republic, Plato offers a distinctive theory of legitimacy, one that grounds legitimacy on an interdependent relationship between justice and moderation. Justice requires that the principle of specialisation be respected, while moderation requires that citizens agree about who should rule. But citizens will only agree if their ‘necessary’ desires are satisfied. Conversely, the ‘necessary’ desires can only (...)
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  • Capitalism on Edge: How Fighting Precarity Can Achieve Radical Change Without Crisis or Utopia.Albena Azmanova, Eilat Maoz, William Callison, David B. Ingram & Azar Dakwar - 2022 - Critical Horizons 23 (4):373-402.
    ABSTRACT Capitalism on Edge aims to redraw the terms of analysis of the so-called democratic capitalism and sketches a political agenda for emancipating society of its grip. This symposium reflects critically on Azmanova’s book and challenges her arguments on methodological, thematic, and substantive grounds. Azar Dakwar introduces the book’s claims and wonders about the nature of the anti-capitalistic agency Azmanova’s ascribes to the precariat. David Ingram worries about Azmanova’s deposing of “economic democracy” and the impact of which on the prospect (...)
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  • Power, Predistribution, and Social Justice.Martin O'Neill - 2020 - Philosophy 95 (1):63-91.
    The idea of predistribution has the potential to offer a valuable and distinctive approach to political philosophers, political scientists, and economists, in thinking about social justice and the creation of more egalitarian economies. It is also an idea that has drawn the interest of politicians of the left and centre-left, promising an alternative to traditional forms of social democracy. But the idea of predistribution is not well understood, and stands in need of elucidation. This article explores ways of drawing the (...)
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  • Does the European left have to choose between the nation-state and internationalism? Some considerations following Richard Rorty.Martin Seeliger & Johannes Kiess - 2022 - Philosophy and Social Criticism 48 (10):1480-1493.
    Philosophy & Social Criticism, Volume 48, Issue 10, Page 1480-1493, December 2022. By applying the concept of democracy and the state proposed by Richard Rorty, the article aims to make a theoretical contribution to understanding frames of political mobilization and solidarity. While Rorty’s conceptual instruments stem from the field of epistemology and moral philosophy and have, so far, not been widely applied to theorizing statehood in general and labour market policy in particular, his ideas can help to understand leftist politics (...)
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  • Transforming Socially Responsible Investment: Lessons from Environmental Justice.Devon Reynolds & David Ciplet - 2022 - Journal of Business Ethics 183 (1):53-69.
    There is limited evidence that socially responsible investment (SRI) strategies can resolve persistent concerns brought up in scholarship on the industry, particularly as it relates to considerations of justice. It is critical that SRI initiatives be interrogated about their broader impacts on environmental inequality and justice in the context of global power relations. Drawing upon environmental justice (EJ) theory, we propose a framework for transformative investment to halt the exploitation of humans and environment in pursuit of profit. We posit that (...)
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  • The Constitution after October: constitution making process before the neoliberal crisis.John Charney & Pablo Marshall - 2021 - Revista de Humanidades de Valparaíso 17:9-26.
    This article analyses the constitutional crisis that was triggered in Chile by the events of 18 October 2019. The purpose is to explain the link between the constitution and social unrest and to explore whether a constituent process, such as the one designed in Chile, has the potential to address the unrest that produced it. The failed experience of Bachelet’s constituent process and the Latin American reform processes of the last thirty years show the threats and challenges of the future (...)
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  • Economic Inequality, War Finance and the Pursuit of Tax Fairness.Chia-Chien Chang - 2020 - Journal of Human Values 26 (2):114-132.
    It is widely acknowledged that a fair tax system is one of the most crucial foundations for any country to pursue stable development and human values. So how does a country accomplish tax fairness? This article argues that war finance and domestic economic inequality are two critical conditions. Historically, wars usually create opportunities for countries to enact progressive tax reforms. However, countries’ war finance choices are conditioned by domestic economic inequality. When inequality is low, the political leadership is more likely (...)
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  • Whose crisis? Which democracy? Notes on the current political conjuncture.Andreas Kalyvas - 2019 - Constellations 26 (3):384-390.
    Constellations, Volume 26, Issue 3, Page 384-390, September 2019.
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  • Dreams and Nightmares of Liberal International Law: Capitalist Accumulation, Natural Rights and State Hegemony.Tarik Kochi - 2017 - Law and Critique 28 (1):23-41.
    This article develops a line of theorising the relationship between peace, war and commerce and does so via conceptualising global juridical relations as a site of contestation over questions of economic and social justice. By sketching aspects of a historical interaction between capitalist accumulation, natural rights and state hegemony, the article offers a critical account of the limits of liberal international law, and attempts to recover some ground for thinking about the emancipatory potential of international law more generally.
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  • Legitimacy crises in embedded democracies.Benjamin M. Studebaker - 2023 - Contemporary Political Theory 22 (2):230-250.
    Recently, many comparativists and democratic theorists have argued that democracy is in imminent peril, even in countries that are thought to be its strongholds. But theorists like Andrew Gamble, Wolfgang Streeck, and David Runciman suggest that some democracies are too embedded to collapse. Instead, they argue these democracies are experiencing long-term structural crises. This article explains how this alternative kind of crisis works. It conceives of legitimacy crises as ‘chronic crises’ in which democratic procedures are contested even as the democratic (...)
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  • The model of the legislator: Political theory, policy, and realist utopianism.Paul Raekstad - 2021 - Contemporary Political Theory 20 (4):727-748.
    Is realism in political theory compatible with utopianism? This article shows that it is, by reconstructing a highly restrictive realist approach to political theory for guiding legislation and public policy, drawn from the work of Adam Smith, and showing how it can accommodate Piketty’s utopian proposal for a global tax on capital. This shows not only that realism and utopianism are compatible; but how realist and utopian political theory can be carried out in concrete cases. This moves debates to more (...)
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  • Rethinking Populism: Peak democracy, liquid identity and the performance of sovereignty.Felix Butzlaff & Ingolfur Blühdorn - 2019 - European Journal of Social Theory 22 (2):191-211.
    Despite the burgeoning literature on right-wing populism, there is still considerable uncertainty about its causes, its impact on liberal democracies and about promising counter-strategies. Inspired by recent suggestions that (1) the emancipatory left has made a significant contribution to the proliferation of the populist right; and (2) populist movements, rather than challenging the established socio-political order, in fact stabilize and further entrench its logic, this article argues that an adequate understanding of the populist phenomenon necessitates a radical shift of perspective: (...)
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  • Knowing How to Act Well in Time.Peter Wagner - 2020 - Journal of Bioethical Inquiry 17 (4):507-513.
    Numerous scholars in the social sciences and humanities have speedily analysed and interpreted the COVID-19-induced social and political crisis. While the commitment to address an urgent topic is to be appreciated, this article suggests that the combination of confidence in the applicability of one’s tools and belief in the certainty of the available knowledge can be counter-productive in the face of a phenomenon that in significant respects is unprecedented. Starting out from the plurality of forms of knowledge that are mobilized (...)
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  • The power of money: Critical theory, capitalism, and the politics of debt.Steven Klein - 2020 - Constellations 27 (1):19-35.
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