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165

Why the Euro Divides Europe

2
terms
1
notes

initially a lecture. published in New Left Review 95, September/October 2015, 5–26. begins with a great treatise on the nature of money

Streeck, W. (2016). Why the Euro Divides Europe. In Streeck, W. How Will Capitalism End? Essays on a Failing System. Verso, pp. 165-184

169

[...] Habermas’s partial incorporation of systems theory – the recognition of a technocratic claim to dominance over certain sectors of society, analogous to relativity theory conceding a limited applicability to classical mechanics – depoliticizes the economic, narrowing it down to a unidimensional emphasis on efficiency, as the price for smuggling a space for politicization into a post-materialist theory of ‘modernity’. The fundamental insight of political economy is forgotten: that the natural laws of the economy, which appear to exist by virtue of their own efficiency, are in reality nothing but projections of social-power relations which present themselves ideologically as technical necessities. The consequence is that it ceases to be understood as a capitalist economy and becomes ‘the economy’, pure and simple, while the social struggle against capitalism is replaced by a political and juridical struggle for democracy [...]

the broader point is interesting, though the specific context of his critique of Habermas is kinda lost on me

—p.169 by Wolfgang Streeck 7 years, 2 months ago

[...] Habermas’s partial incorporation of systems theory – the recognition of a technocratic claim to dominance over certain sectors of society, analogous to relativity theory conceding a limited applicability to classical mechanics – depoliticizes the economic, narrowing it down to a unidimensional emphasis on efficiency, as the price for smuggling a space for politicization into a post-materialist theory of ‘modernity’. The fundamental insight of political economy is forgotten: that the natural laws of the economy, which appear to exist by virtue of their own efficiency, are in reality nothing but projections of social-power relations which present themselves ideologically as technical necessities. The consequence is that it ceases to be understood as a capitalist economy and becomes ‘the economy’, pure and simple, while the social struggle against capitalism is replaced by a political and juridical struggle for democracy [...]

the broader point is interesting, though the specific context of his critique of Habermas is kinda lost on me

—p.169 by Wolfgang Streeck 7 years, 2 months ago

philosophical and metaphysical theories of divine presence in which the divine encompasses or is manifested in the material world

169

Habermas developed his ‘Theory of Communicative Action’ in large measure through an immanent critique of Luhmann’s work

—p.169 by Wolfgang Streeck
notable
7 years, 2 months ago

Habermas developed his ‘Theory of Communicative Action’ in large measure through an immanent critique of Luhmann’s work

—p.169 by Wolfgang Streeck
notable
7 years, 2 months ago

(noun) preponderant influence or authority over others; domination / (noun) the social, cultural, ideological, or economic influence exerted by a dominant group

176

In this way, without wanting or planning it, Germany controversially became the European hegemon, until further notice.

after the 2008 crisis, given that Germany had a highly industrialised economy (which was lamented prior to 2008 and much appreciated afterwards)

—p.176 by Wolfgang Streeck
notable
7 years, 2 months ago

In this way, without wanting or planning it, Germany controversially became the European hegemon, until further notice.

after the 2008 crisis, given that Germany had a highly industrialised economy (which was lamented prior to 2008 and much appreciated afterwards)

—p.176 by Wolfgang Streeck
notable
7 years, 2 months ago