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"when different social interests seek their own short-term benefits rather than coalescing behind a vision of social development." German economic sociologist
by nimbius 2y ago
"when different social interests seek their own short-term benefits rather than coalescing behind a vision of social development."
German economic sociologist Wolfgang Streeck paved a lot of this theory in his book "how will capitalism end?"
Streeck posits that because contemporary capitalism is beset by five disorders—declining growth, oligarchy, starvation of the public sphere, corruption and international anarchy—for which at present no political agency exists to confront them, it will continue to regress and atrophy until at some point it might end.