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The recent sovereign debt crisis raises a debate on whether the cancelation of sovereign debt is compatible with democracy. Scholars opposed to the cancelation of sovereign debt refer to the Glorious Revolution of 1688, in which the British government began to make the people as a whole liable...
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"In How Will Capitalism End? the acclaimed analyst of contemporary politics and economics Wolfgang Streeck argues that … capitalism is now in a critical condition. Growth is giving way to secular stagnation; inequality is leading to instability; and … confidence in the capitalist money economy has all but evaporated. Capitalism's shotgun marriage with democracy since 1945 is …
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