Buying Time: The Delayed Crisis of Democratic Capitalism

Title Page......Page 2
Copyright......Page 3
Contents......Page 4
Introduction: Crisis Theory, Then and Now......Page 6
1. From Legitimation Crisis to Fiscal Crisis......Page 17
A new type of crisis......Page 20
Two surprises for crisis theory......Page 24
The other legitimation crisis and the end of the postwar peace......Page 32
The long turn: from postwar capitalism to neoliberalism......Page 36
Buying time......Page 40
Financial crisis: a failure of democracy?......Page 65
Capitalism and democracy in the neoliberal revolution......Page 69
Excursus: capitalism and democracy......Page 72
Starving the beast!......Page 78
The crisis of the tax state......Page 85
From tax state to debt state......Page 87
Debt state and distribution......Page 90
The politics of the debt state......Page 91
Debt politics as international financial diplomacy......Page 100
Integration and liberalization......Page 116
The European Union as a liberalization machine......Page 120
Institutional change: from Keynes to Hayek......Page 126
The consolidation state as a European multilevel regime......Page 127
Fiscal consolidation as a remodelling of the state......Page 130
Growth: back to the future......Page 137
Excursus on regional growth programmes......Page 145
On the strategic capacity of the European consolidation state......Page 155
Resistance within the international consolidation state......Page 162
What now?......Page 181
Capitalism or democracy......Page 187
The euro as a frivolous experiment......Page 188
Democracy in Euroland?......Page 190
In praise of devaluation......Page 194
For a European Bretton Woods......Page 196
Gaining time......Page 198
Bibliography......Page 205
Index......Page 221