Steffen Lehndorff: A Triumph of Failed Ideas: European models of capitalism in the crisis

Dandelion Salad

Occupy May Day 2012

Image by brent_granby via Flickr

May 5, 2012 by

Steffen Lehndorff speaks about the book, A Triumph of Failed Ideas: European models of capitalism in the crisis (Brussels: European Trade Union Institute, 2012). Steffen Lehndorff is Senior Researcher at the Working Time and Work Organisation Department at IAQ, University of Duisburg-Essen, Germany.

The current crisis in Europe is being labelled, in mainstream media and politics, as a ‘public debt crisis’. The present book draws a markedly different picture. What is happening now is rooted, in a variety of different ways, in the destabilisation of national models of capitalism due to the predominance of neoliberalism since the demise of the post-war ‘golden age’. Ten country analyses provide insights into national ways of coping — or failing to cope — with the ongoing crisis. They reveal the extent to which the respective socio-economic development models are unsustainable, either for the country in question, or for other countries.

Continue reading