creative destruction (en)

the incessant product and process innovation mechanism by which new production units replace outdated ones; coined by Joseph Schumpeter in 1942 as "the essential fact about capitalism"

financialization (en)

the process whereby the financial industry becomes more prominent

legitimation crisis (en)

a decline in the confidence of administrative functions, institutions, or leadership; first introduced in 1973 by Jürgen Habermas, a German sociologist and philosopher

morass (en)

(noun) marsh swamp / (noun) a situation that traps, confuses, or impedes / (noun) an overwhelming or confusing mass or mixture

neoliberalism (en)

the postulate that markets are organised most effectively by private enterprise and that the private pursuit of accumulation will generate the most common good; accomplished by opening international markets and financial networks, and downsizing the welfare state

succor (en)

assistance and support in times of hardship and distress

succor (en)

assistance and support in times of hardship and distress

There is no alternative (en)

a slogan refering to globalization popularised by Margaret Thatcher; means that the market economy is the only system that works, and that debate about this is over