if their policies degenerate into improvised and unprincipled crisis management, pettifogging circumvention of the law, and clientelist rewarding of ailing banks for the purchase of government securities at a guaranteed profit

that can take place only under the aegis of neoliberalism

the governing central bank combines its beneficence with strict political conditions

in the mode of what Polanyi called 'planned laissez-faire'

As peoples, represented by their states, resist the subordination of their lives to the laws of the international market, the ecclesia militans of neoliberal reform sees this as a governability problem that can and must be overcome by more of the same

The term ‘façade democracy’ fits nothing better than a political system whose legal and actual constitution obliges it to stay out of self-propelling ‘markets’

a unitary-Jacobin constitution for a democratic European state is unimaginable