Daily Archives: April 27, 2023

Absent some new realignment, we face an unsettled terrain with no broadly legitimate hegemonic ruling bloc—nor any clear and credible counterhegemonic challenger. In this situation, the most likely near-term scenario is a series of pendulum swings, with governments oscillating back … Continue reading →

Generally, financialized capitalism is the era of “governance without government”—which is to say, that of domination without the fig leaf of consent. In this regime, it is not states but transnational governance structures such as the European Union, World Trade … Continue reading →

Essential to its functioning, public power is part and parcel of the institutionalized societal order that is capitalism. Nevertheless, the maintenance of political power stands in tense relation with the imperative of capital accumulation. The reason lies in capitalism’s distinctive … Continue reading →

SZ: Spiegel: