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Wolfgang Streeck on the Power of Markets and Political Powerlessness

Wolfgang Streeck criticizes the power of markets and shows how political participation is often an illusion.

“We don't decide anything. It's decided for us: by the 'markets' and, following their lead, by governments. One has to be careful with language, not to talk oneself into a responsibility one doesn't actually have or that's being taken away from one. 'We' don't need to consider what we'd prefer, because it doesn't matter anyway. Questions of economic order and the distribution of economic benefits are currently decided by summits and central bankers under pressure from large corporations, especially the financial sector. 'We' will only have a say when we understand that, fundamentally, we have no say at all.”

Wolfgang Streeck

Wolfgang Streeck is a German sociologist.

A critical view on power relations and the illusion of participation in the economy.

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Literature on mass media
  • Propaganda | Edward L. Bernays
  • Propaganda: With an Introduction by Mark Crispin Miller
  • Propaganda: The Formation of Men's Attitudes
  • How Propaganda Works
  • Propaganda (Deluxe Edition): Includes Bonus Book: Crystallizing Public Opinion
Wolfgang Streeck|democracy, fascism, feudalism, mass media, monetary system, politics, press, socialism, sociology, state
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Wolfgang Streeck is a German sociologist and emeritus director at the Max Planck Institute for the Study of Societies in Cologne. He has made significant contributions to sociology and social research, and is known for his work on societal and economic issues.

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