Buying time is over - and how this affects capitalism and EU

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Väinö Linna auditorium, Linna building, address: Kalevantie 5.


Vastapaino publishing house/ Kimmo Jylhämö

Open lecture by Profesor Wolfgang Streeck.

Buying Time: The Delayed Crisis of Democratic Capitalism

Wolfgang Streeck places the crisis in the context of the long neoliberal transformation of postwar capitalism that began in the 1970s. He analyses the subsequent tensions and conflicts involving states, governments, voters and capitalist interests, as expressed in inflation, public debt, and rising private indebtedness.

Streeck traces the transformation of the tax state into a debt state, and from there into the consolidation state of today. At the centre of the analysis is the changing relationship between capitalism and democracy, in Europe and elsewhere, and the advancing immunization of the former against the latter.

Wolfgang Streeck is the director of the Max Planck Institute for Social Research in Cologne and Professor of Sociology at the University of Cologne. He is an Honorary Fellow of the Society for the Advancement of Socio-Economics and a member of the Berlin Brandenburg Academy of Sciences as well as the Academia Europaea.


Additional information

Kimmo Jylhämö
tel 03 3141 3500