In his Frankfurt Adorno lectures, Wolfgang Streeck uncovers the roots of the current financial, fiscal, and economic crisis by describing it as a moment in the long neoliberal transformation of post-war capitalism. He analyzes how the tension between democracy and capitalism has unfolded over four decades and what conflicts have resulted from it. Finally, he sheds light on the restructuring of the European state system and questions the prospects for restoring social and economic stability. In the new afterword to the paperback edition, he takes stock for the first time.