The “financial crisis” and its sequel, the current sovereign debt crisis, appear to be the latest permutations of an old conflict between capitalism and democracy that forcefully reasserted itself after the end of the postwar growth period. Today’s calamities were preceded by high...

Rising public debt has been widespread in democratic-capitalist political economies since the 1970s, generally accompanied among other things by weak economic growth, rising unemployment, increasing inequality, growing tax resistance, and declining political participation. Following an initial...

Die Internationalisierung der Weltwirtschaft entzieht die Volkswirtschaften dem Zugriff nationaler Regulierung. Diese Entwicklung führt für den Nationalstaat, immer noch der wichtigste Ort demokratischer Politik und sozialer Solidarität, zu Legitimationsproblemen und zur Notwendigkeit einer...