Wolfgang Streeck - Critical Encounters: Democracy, Capitalism, Ideas. Verso, 2020.
Reviewed by James Hodgson
I confess that I tried to follow Streeck’s advice, but I was defeated by the book’s structure. Critical Encounters is not a linear book, and, as Streeck himself recognises, one can read the chapters in any order. Although the reviews are organised into sections under three general themes capitalism, democracy and ideas these distinctions are somewhat arbitrary, as all the books under discussion are concerned with political economy in the broadest sense: the interaction between spheres of politics and economics and how one comes to dominate the other. In particular, they are concerned with the transformations of the European economies over the past several decades, including the rise of financial capitalism, the advent of the European monetary union, the implementation of so-called ‘austerity’ fiscal policies in the aftermath of the financial crisis of 2007/8, and the decline of traditional modes of worker organisation and party representation. The authors with whom Streeck engages tackle these issues in terms of history (Joshua Freeman, Quinn Slobodian), politics (Yanis Varoufakis, Peter Mair), economics (Martin Sandbu, Mark Blyth) and philosophy (Perry Anderson, Jürgen Habermas). Of course, these categories are far from mutually exclusive, and many of the authors range over diverse terrain. The only book reviewed by Streeck which stands apart from the rest is Charles Darwin’s On the Origin of Species, which nevertheless offers a fascinating insight into Streeck’s own discipline of social science and reflections on how processes of institutional change may be analogous to those of complex biological organisms. The result is that the reader of Critical Encounters comes away armed with an enormous list for future reading. The collection ends with a series of ‘Letters from Europe’, published in the online Spanish journal El Salto between December 2019 and May 2020, just as the coronavirus pandemic was sweeping across Europe.
https://marxandphilosophy.org.uk/reviews/19382_critical-encounters-democracy-capitalism-ideas-by-wolfgang-streeck-reviewed-by-james-hodgson/