Quote by Wolfgang Streeck on Capitalism and Global Power Relations

„Western capitalism will decay, but non-Western capitalism will not take its place, certainly not on a global scale, and neither will Western non-capitalism. As to non-Western capitalism, China will for many reasons not be able to take over as capitalism’s historical host and provide an orderly global environment for its further progress. Nor will there be a co-directorate of China and the United States amicably dividing between them the task of making the world safe for capitalism. And concerning non-capitalism, there is no such thing today as a global socialist movement, comparable to the socialisms that in the nineteenth and early twentieth centuries so successfully confronted capitalism in national power struggles. As long as the capitalist dynamism continues to outrun collective order-making and the building of non-market institutions, as it has for several decades now, it disempowers both capitalism’s government and its opposition, with the result that capitalism can be neither reborn nor replaced.“

Wolfgang StreeckWolfgang Streeck on the decay of Western capitalism, China's role, and the absence of a global socialist alternative.
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Wolfgang Streeck is a German sociologist.

Wolfgang Streeck analyzes the global development of capitalism, China's role, and the lack of political alternatives.


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Wolfgang Streeck quote about Western capitalism, China, socialism, and global power relations

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.

Quote image featuring Wolfgang Streeck on the decline and end of capitalismCopyright © yoice.net – Quote Artwork
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"For the decline of capitalism to continue, that is to say, no revolutionary alternative is required, and certainly no masterplan of a better society displacing capitalism. Contemporary capitalism is vanishing on its own, collapsing from internal contradictions, and not least as a result of having vanquished its enemies - who, as noted, have often rescued capitalism from itself by forcing it to assume a new form. What comes after capitalism in its final crisis, now underway, is, I suggest, not socialism or some other defined social order, but a lasting interregnum - no new world system equilibrium a la Wallerstein, but a prolonged period of social entropy or disorder (and precisely for this reason a period of uncertainty and indeterminacy). It is an interesting problem for sociological theory whether and how a society can turn for a significant length of time into less than a society, a post-social society as it were, or a society lite, until it may or may not recover and again to become a society in the full meaning of the term." Wolfgang Streeck
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Quote image featuring Wolfgang Streeck on the future and decline of capitalismCopyright © yoice.net – Quote Artwork
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"Before capitalism will go to hell, then, it will for the foreseeable future hang in limbo, dead or about to die from an overdose of itself but still very much around, as nobody will have the power to move its decaying body out of the way." Wolfgang Streeck
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Ludwig von Mises quote about capitalism and socialismCopyright © yoice.net – Quote Artwork
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"A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society. Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings." Ludwig von Mises
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Capitalism quote by Roland Baader about the impact of statism and socialism on free marketsCopyright © yoice.net – Quote Artwork
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"To call the miserable remnants of the free market and free society, which the statism of the modern welfare dictatorship and the creeping socialism of the welfare state have left behind as a kind of market-economic carcass, "capitalism" and to attribute everything that killed it as its own excesses can only appear as an intellectual capacity in a country whose intellectual soil is poisoned by centuries of practiced state mysticism." Roland Baader
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