In this new edition of a highly acclaimed book, Wolfgang Streeck revisits his recent arguments in the light of Brexit and the continued crisis of the EU. These developments are only the latest events in the long neoliberal transformation of postwar capitalism that began in the 1970s, a process that turned states away from tax toward debt as a source of revenue, and from that point into the âconsolidation stateâ of today. Central to this analysis is the changing relationship between capitalism and democracyâin Europe and elsewhereâand the advancing immunization of the former against the latter.
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