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Transformations of the State Series Editors Achim Hurrelmann Carleton University Ottawa, Canada Stephan Leibfried University of Bremen Bremen, Germany Kerstin Martens University of Bremen Bremen, Germany Peter Mayer University of Bremen Bremen, Germany – The modern state is under threat its powers increasingly eroded. This series examines the current and future prospects for a traditional con- ‘ ’ ception of the state to provide readers with the state of the art on the ‘ ’ state of the state. More information about this series at http://www.springer.com/series/14399 Steffen Schneider (cid:129) Henning Schmidtke (cid:129) Sebastian Haunss (cid:129) Jennifer Gronau Editors Capitalism and Its Legitimacy in Times of Crisis Editors SteffenSchneider HenningSchmidtke SOCIUMResearchCenteronInequality BavarianSchoolofPublicPolicy,TUM andSocialPolicy SchoolofGovernance UniversityofBremen TechnicalUniversityofMunich Bremen,Germany Munich,Germany SebastianHaunss JenniferGronau SOCIUMResearchCenteronInequality CentreforGlobalCooperationResearch andSocialPolicy (Käte-Hamburger-Kolleg) UniversityofBremen Duisburg,Germany Bremen,Germany TransformationsoftheState ISBN978-3-319-53764-1 ISBN978-3-319-53765-8(eBook) DOI10.1007/978-3-319-53765-8 LibraryofCongressControlNumber:2017949269 ©TheEditor(s)(ifapplicable)andTheAuthor(s)2017 Thisworkissubjecttocopyright.AllrightsaresolelyandexclusivelylicensedbythePublisher,whether thewholeorpartofthematerialisconcerned,specificallytherightsoftranslation,reprinting,reuseof illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similarordissimilarmethodologynowknownorhereafterdeveloped. Theuseofgeneraldescriptivenames,registerednames,trademarks,servicemarks,etc.inthispublica- tiondoesnotimply,evenintheabsenceofaspecificstatement,thatsuchnamesareexemptfromthe relevantprotectivelawsandregulationsandthereforefreeforgeneraluse. Thepublisher,theauthorsandtheeditorsaresafetoassumethattheadviceandinformationinthis book are believed to be true and accurate at the date of publication. Neither the publisher nor the authorsortheeditorsgiveawarranty,expressorimplied,withrespecttothematerialcontainedherein orforanyerrorsoromissionsthatmayhavebeenmade.Thepublisherremainsneutralwithregardto jurisdictionalclaimsinpublishedmapsandinstitutionalaffiliations. Cover illustration: The jacket reproduces detail of the annotated version of the etching in Thomas Hobbes’sLeviathan(1651)byLucilaMuñoz-SanchezandMonikaSniegs. Printedonacid-freepaper ThisPalgraveMacmillanimprintispublishedbySpringerNature TheregisteredcompanyisSpringerInternationalPublishingAG Theregisteredcompanyaddressis:Gewerbestrasse11,6330Cham,Switzerland ’ Series Editors Preface ’ Overthepastfourcenturies,thenationalstatehasemergedastheworlds ff moste ectivemeansoforganizingsociety,butitscurrentstatusandfuture are decidedly uncertain. Some scholars predict the total demise of the national state as we know it, its powers eroded by a dynamic global economyontheonehandandbythetransferofpoliticaldecision-making tosupranationalbodiesontheother.Otheranalystspointouttheremark- ’ ableresilienceofthestatescoreinstitutionsandassertthatevenintheage ofglobalmarketsandpolitics,thestateremainstheultimateguarantorof security, democracy, welfare and the rule of law, and will reassert itself. Does either of these interpretations describe the future of the OECD ’ worlds modern, liberal national state? Will the state soon be as obsolete and irrelevant as an outdated computer? Should it be scrapped for some newinvention,orcanitbeoverhauledandrejuvenated?Isthestateactually fi thrivingandstill ttoserve,justinneedofafewminorreforms,oristhere someparadoxinvolvedthatallowsfornosuchsimplealternatives,assome wouldhaveit(Rodrik 2011)? In an attempt to address these questions, the analyses in the Transformations of the State series separate the complex tangle of tasks and functions that comprise the state into four manageable dimensions: (cid:129) the monopolization of the means of force; (cid:129) the rule of law, as prescribed and safeguarded by the constitution; v vi SeriesEditors’Preface (cid:129) the guarantee of democratic self-governance; and (cid:129) the provision of welfare and the assurance of social cohesion. In the OECD world of the 1960s and 1970s, these four dimensions fi formed a synergetic constellation that emerged as the central, de ning characteristic of the modern state. Books in the series report the results of both empirical and theoretical studies of the transformations experi- enced in each of these dimensions over the past few decades. Stephan Leibfried and Michael Zürn (2005), Achim Hurrelmann ff et al. (2007), Heinz Rothgang and Ste en Schneider (2015) and fi Leibfried et al. (2015) de ne the basic concepts of state transformation employed in all of these studies and provide an overview of the issues addressed.Writtenbypoliticalscientists,lawyers,economistsandsociol- ogists, the series tracks the development of the post-World War II OECD state. Here, at last, is an up-to-date series of reports on the state of the state and a crystal-ball glimpse into its future. References Hurrelmann, Achim, Stephan Leibfried, Kerstin Martens and Peter Mayer, eds. 2007. Transforming the Golden-Age National State. Basingstoke: Palgrave Macmillan. Leibfried, Stephan, Evelyne Huber, Matthew Lange, Jonah D. Levy, Frank Nullmeier and John D. Stephens, eds. 2015. The Oxford Handbook of Transformations of the State. Oxford: Oxford University Press. Leibfried, Stephan and Michael Zürn, eds. 2005. Transformations of the State? Cambridge: Cambridge University Press. Rodrik, Dani, 2011. The Globalization Paradox. Why Global Markets, ’ States, and Democracy Cant Co-exist. Oxford: Oxford University Press. ff Rothgang, Heinz and Ste en Schneider, eds. 2015. State Transformations in OECD Countries. Dimensions, Driving Forces and Trajectories. Basingstoke: Palgrave Macmillan. Preface and Acknowledgements This book concludes a research project on the legitimation ofdemocratic nation states (Germany, Switzerland, the United Kingdom, the United States), international organizations (EU, G8, UN) and capitalism as an economic regime. The project was directed by Frank Nullmeier, carried ‘ ’ out at the Collaborative Research Centre Transformations of the State (University of Bremen, Germany)and generously fundedbythe German – fi Research Council (DFG) in the years 2003 2014. The ndings of the project have been published in a number of joint articles and books by the contributors to the present volume and previous members oftheresearchteam;thesepublicationsnotablyincludeaneditedvolume and a monograph published with Palgrave (Hurrelmann, Schneider and ff Ste ek 2007; Schneider et al. 2010; see also Hurrelmann et al. 2009; Nullmeier et al. 2010). Theeditorsofthepresentvolumewishtousetheopportunitytothank Achim Hurrelmann, Zuzana Krell-Laluhová, Roland Lhotta, Martin ff Nonho and Achim Wiesner, who were collaborators of the project at ff di erent points in time. We also thank a number of student research assistants who assisted us in retrieving and coding the text corpus on whichthevolumeisbased,andinmanagingdata:WiebkeAnton,Anna Braam, Clara Friedrich, Wolfgang Geißler, Kristen Isherwood, Isabelle Kim,KlaraKopperschmidt,KatjaLamich,NoraSinner,SebastianStreb ’ and Christoph Uhl. Dieter Wolf, the Collaborative Research Centres vii viii PrefaceandAcknowledgements managingdirector,greatlyassistedtheresearchteaminsolvingadminis- trative and funding issues. Particular thanks go to our former colleagues – at the Collaborative Research Centre especially its speaker, Stephan – Leibfried for many valuable discussions about problems of legitimacy research,andtotheDFGforfundingthisendeavour.Finally,wewould liketothankouranonymousreviewerfortheclosereadingofthemanu- script and excellent comments which greatly improved the volume, and – – our editors at Palgrave Judith Allan and Beth Farrow for their patience and support. ff Ste en Schneider, Henning Schmidtke, Sebastian Haunss and Jennifer Gronau Bremen, August 2016 References ff Hurrelmann, Achim, Zuzana Krell-Laluhová, Frank Nullmeier, Ste en ‘ Schneider and Achim Wiesner. 2009. Why the Democratic Nation- ’ state is Still Legitimate: A Study of Media Discourses. European – Journal of Political Research 48(4): 483 515. ff ff Hurrelmann, Achim, Ste en Schneider and Jens Ste ek, eds. 2007. Legitimacy in an Age of Global Politics. Basingstoke: Palgrave Macmillan. ń Nullmeier, Frank, Dominika Biego , Jennifer Gronau, Martin ff ff Nonho , Henning Schmidtke and Ste en Schneider. 2010. Prekäre Legitimitäten. Rechtfertigung von Herrschaft in der postnationalen Konstellation. Frankfurt am Main: Campus. ff Schneider, Ste en, Achim Hurrelmann, Frank Nullmeier, Achim ’ Wiesner and Zuzana Krell-Laluhová. 2010. Democracys Deep Roots. Why the Nation State Remains Legitimate. Basingstoke: Palgrave Macmillan. Contents 1 A Legitimation Crisis of the Capitalist Market Economy? 1 ff Ste en Schneider and Henning Schmidtke 2 Justifying and Criticizing the Capitalist Market Economy: A Typology of Legitimation Criteria 37 ń Frank Nullmeier and Dominika Biego 3 Legitimation Discourse before and after the Financial Crisis: Contours and Trajectories 61 ff Henning Schmidtke and Ste en Schneider 4 Making Sense of the Great Recession: Responsibility Attributions in Tough Times 95 Falk Lenke and Henning Schmidtke 5 Metaphorical Anticapitalism: Regulation, Not Transformation 123 Jennifer Gronau 6 Narrative Legitimation: The Capitalist Market Economy as a Success Story 159 ń Dominika Biego ix

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