Ask a European intellectual and you will likely hear the name of Wolfgang Streeck, a German sociologist and theorist of capitalism.
In recent decades, Mr. Streeck has described the complaints of populist movements with unequaled power.
Mr. Streeck may be best known for his essays in New Left Review, including a dazzling series on the cascade of financial crises that followed the crash of 2008.
Mr. Streeck (whose name rhymes with “cake”) argues that today’s contradictions of capitalism have been building for half a century.
Profit margins suffered, of course, but that was in the nature of what Mr. Streeck calls the “postwar settlement.” What economies lost in dynamism, they gained in social stability.
Persons:
Donald Trump’s, Wolfgang Streeck, Streeck, Karl Marx, ”, Viktor Orban, Brexit, Trump
Organizations:
New, State Systems, Wagenknecht Alliance
Locations:
American, European, German, Greece, Podemos, Spain, Germany