Taking back control? States and state systems after globalization.

The era of hyperglobalization once hailed as the 'end of history' was characterised by boundless capitalist expansion. The neoliberal revolution gave rise to a politics of scale aimed at the centralization and unification of states and state systems: the replacement of national with global governance or, in Europe, of the nation-state with a supranational superstate, the European Union.

The 'New World Order' proclaimed by the United States in the wake of the Soviet collapse proved to be ungovernable by democratic means. Instead, it was ruled through a combination of technocracy and mercatocracy, failing spectacularly to provide for political stability, social legitimacy and international peace. Marked by a series of economic and institutional crises, hyperglobalization gave rise to various kinds of political countermovements that rebelled against and ultimately stopped the upward transfer of state authority in its tracks.

This book analyses the ongoing tug-of-war between the forces of globalism and democracy, of centralization and decentralization, and unification and differentiation of states and state systems, and how they are tied to the advance of global capitalism and the prospects for its social and democratic regulation. Exploring the possibility for states and the societies they govern to take back control over their collective fate, the book is an attempt at a renewed theory of the state in political economy. Inspired by the work of Karl Polanyi and John Maynard Keynes, it discusses the potential outlines of a state system allowing for democratic governance within and peaceful cooperation between sovereign nation-states.

"The most interesting person on the most urgent subject of our times." - Guardian

"Arguably the most thoughtful critic of globalisation" - Financial Times

"Taking Back Control? helped me think of what a politics beyond liberalism could look like and expanded my sense of what is possible." - Granta, Books of the Year 2024

"In recent decades, Mr. Streeck has described the complaints of populist movements with unequaled power. That is because he has a convincing theory of what has gone wrong in the complex gearworks of American-driven globalization, and he has been able to lay it out with clarity." - New York Times

"This maverick thinker is the Karl Marx of our time" - New York Times

"[E]ssential for any scholar seeking to make sense of a range of current trends: the ongoing retreat from 1990s-style globalization, the crisis of liberal democracy, and the rapid return of hot wars, cold wars, and trade wars to a world that just yesterday claimed to have overcome them all." - Chronicle of Higher Education

"Streeck's book has already done much of the heavy lifting for the necessary political and economic discussion that lies before us." - Brave New Europe