Kehrt der Staat zurück? Wirtschaftskrise und Demokratie

Abstract

There is some evidence that the crisis of the financial market has leaded – as some critics suggest - to a crisis of neoliberalism, a crisis of finance driven accumulation or even of a structural crisis of capitalism. The reason for this suggestion is the return of state interventionism. But this is misleading because the state intervened alongside with the formation of new owner relations of capital during the last two decades and supporting this new rising fraction of capital was in itself reorganized. The measures undertaken to smooth down the crisis are still part of an ongoing neoliberal political strategy to deal with a long lasting crisis of overaccumulation, probably ending up in an even deeper crisis including a crisis of political crisis management.