Wolfgang Streeck on the Power of Markets and Political Powerlessness

„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 StreeckWolfgang Streeck criticizes the power of markets and shows how political participation is often an illusion.
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Wolfgang Streeck is a German sociologist.

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


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Quote by Wolfgang Streeck about markets deciding economic order and political powerlessness

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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