The globalised world
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techniques, or what Foucauldians would call governamentality, have become more
refined due to both technological and organisational advances. On the other hand,
the weakening and perforation of borders, in a physical (migrants) and what is more
in a virtual (financial transactions) sense, have deprived states of control mechanisms
that were an important instance of sovereignty. As we have just seen in the case of
financial capital, mechanisms nearly as robust as those once put in place by national
governments have not been established at an interstate level. The only still effective
national actors in financial and economic policy are the central banks via monetary
policy, but only in an indirect and limited measure. In a global perspective, the
erosion and partial impotence of sovereign statehood has created a void that is not
being refilled by global institutions, but rather left to extra-political forces such as
financial markets or multinational corporations. This
retreat of politics, which reso-
nates with the ‘retreat of the state’ analysed by Susan Strange (1996), is one of the
most significant side effects of globalisation.
Democracy’s fate in globalisation is highly ambivalent: on the one hand, the
prevailing state of affairs seems to be democracy’s victory parade across most of
the planet, though the non-availability of alternative models does not guarantee the
quality of democratisation.
6
On the other hand,
democracy has been losing effectivity
and credibility, in the first case because not only of the dimensional gap between
national democracy and issues requiring global governance, but also of the men-
tioned retreat of politics as human agency in shaping communal life. These factual
changes have percolated into the voters’ minds, particularly among the youth in
developed countries, and generated waves of disaffection from democratic proce-
dures and proneness to populism or extremism. For situations in which the demo-
cratic institutional framework remains in place, yet the citizens no longer feel they
can determine the course of public affairs, the keyword ‘post-democracy’ is being
put into circulation (cf. Crouch 2004).
What democracy can take advantage of is, however, not any effort of an impos-
sible return to its social-democratic or liberal stage in the nation state, but rather the
invention of a new architecture, both domestic and federative, that fits the complex
globalised world. This will yet not happen if politics, and democratic politics in
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