New Books in Critical Theory Populism, Power, and the Crisis of Globalism: A Conversation with Wolfgang Streeck
Apr 4, 2025
Wolfgang Streeck, former director at the Max Planck Institute for the Study of Societies, dives into the fractures between elites and the public in democracy. He discusses the rise of populism as a reaction to centralized governance and how educational divides exacerbate these tensions. The conversation touches on immigration challenges, the influence of U.S. foreign policy on Europe, and the need for a more equitable global system. Streeck’s insights from his book highlight the urgent need to address the crisis of globalism.
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Populism vs. Elitism
- Populism is a tool used by elites against the masses, often framing them as easily swayed by demagogues.
- Its opposite is elitism, marked by centralization, de-democratization, and technocracy replacing popular reasoning.
Democracy vs. Capitalism
- The idea that democracy and capitalism are inherently compatible is challenged.
- They operate on different principles: democracy on equal votes, capitalism on wealth-based influence.
Education and Elitism
- Mass education, meant to promote equality, can create a new elite class.
- This divide is fueled by rising education costs and varying class backgrounds, creating unequal access.