Economics Dictionary of Arguments

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Mause I 76
Neoliberalism/Streeck: Thesis: the democratic and the market principles are fundamentally incompatible, since they follow different and incommensurable guiding principles: The market follows the principles of performance and market justice, while the democratic welfare state follows the ideal of social justice. However, there is an asymmetry of power between social state democracy and capitalism. (1)
Capitalism/Streeck: Thesis: The critique of capitalism overestimates its economic possibilities.
By contrast, the main problem in Western democracies since the 1970s has been the postponement of the "final crisis". Therefore, these democracies would have to "buy time". (2)

1. Cf.W. Streeck, Gekaufte Zeit: Die vertagte Krise des demokratischen Kapitalismus. Berlin 2013.
2. Chr. Möllers, Krise? Verschieben! Wolfgang Streeck beerdigt den demokratischen Kapitalismus. Aber ist damit die Demokratie am Ende? DIE ZEIT 2013, Nr. 11: 55.

Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution.
The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

PolStreeck I
Wolfgang Streeck
Kathleen Thelen
Beyond continuity. Institutional change in advanced political economies Oxford 2005

Mause I
Karsten Mause
Christian Müller
Klaus Schubert,
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018

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