Nancy Fraser: Legitimation Crisis On the Political Contradictions of Financialized Capitalism (2014) LEC, ENG

Numerous phenomena suggest a serious crisis of democracy: for example, declining electoral turnout; the rise of extremist parties; widespread disaffection with the European Union; steep narrowing of real policy differences between competing parties as nearly all rush to placate “the markets”; increased capture of public powers by private interests; growing geopolitical irrationality, reflecting the decline of US hegemony. No wonder, then, that diagnoses of political crisis proliferate: we hear now of “post-