The Debt Crisis and European Democratic Legitimacy

Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Conditions, Economic Policy, Business & Finance
Cover of the book The Debt Crisis and European Democratic Legitimacy by H. Macartney, Palgrave Macmillan UK
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Author: H. Macartney ISBN: 9781137298010
Publisher: Palgrave Macmillan UK Publication: July 23, 2013
Imprint: Palgrave Pivot Language: English
Author: H. Macartney
ISBN: 9781137298010
Publisher: Palgrave Macmillan UK
Publication: July 23, 2013
Imprint: Palgrave Pivot
Language: English

Huw Macartney examines the conflicting movements gripping Europe. He explains why 'more Europe and less democracy' seems to be the order of the day. He argues that state managers responses reflect a long-term disquiet about the economic consequences of democracy. Through a critical engagement with ordo-liberal and neo-liberal intellectual traditions, Macartney explains why participation and consent have given way to coercion and depoliticisation. Financial speculation and growing social unrest have thus fuelled attempts to further mystify the political character of economic policymaking. This comes at precisely the time when the everyday life of European citizens is most affected by the decisions of political classes at the heart of Europe. There are strong reasons to believe though that the kind of violent outbreaks in Greece and elsewhere point to the limitations of this authoritarian, undemocratic governing strategy. The end-result could prove devastating for Europe.

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Huw Macartney examines the conflicting movements gripping Europe. He explains why 'more Europe and less democracy' seems to be the order of the day. He argues that state managers responses reflect a long-term disquiet about the economic consequences of democracy. Through a critical engagement with ordo-liberal and neo-liberal intellectual traditions, Macartney explains why participation and consent have given way to coercion and depoliticisation. Financial speculation and growing social unrest have thus fuelled attempts to further mystify the political character of economic policymaking. This comes at precisely the time when the everyday life of European citizens is most affected by the decisions of political classes at the heart of Europe. There are strong reasons to believe though that the kind of violent outbreaks in Greece and elsewhere point to the limitations of this authoritarian, undemocratic governing strategy. The end-result could prove devastating for Europe.

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