132 World politics and the future of politics
Who is unsatisfied with global governance as extra-political
performance of
the social system handles it as a
normative project that has chances to change things
and needs to be defined. Here, governance results from the planned actions of the
actors; the open question is how the best (best under a general principle such as
justice or efficiency) global governance can be brought about. In some versions,
global governance is more explicitly presented as an anti-neoliberal project, as it
means providing governance for the otherwise anarchical and therefore unjust glo-
balised world, instead of relying on what worldwide market forces and national
governments driven by the idea of national interest may bring about; it means to
organise solutions for what would otherwise remain an anarchical reality, much to
the disadvantage of the weakest. In this direction one – not necessarily the most
productive – development is found in the literature related to the topic of global
justice, which will be dealt with in Chapter 9.
Global governance, however, is not limited to the two
theoretical views we illus-
trated, but was and remains also a fledgling activity of international, mostly inter-
governmental institutions such as the Commission on Global Governance, which
worked between 1992 and 1995, and the UN Global Compact Governance Board/
Office; not to speak of the bodies that, though not working under that headline,
provide some amount of global governance such as G7/8, G20, the Financial Sta-
bility Board, as well as two UN-based projects: the Millennium Development Goals
(2000–2015) and the Sustainable Development Goals (2016–2030). It is not our
task to find out which conception of global governance these bodies heed. Need-
less to say that, through all of this, it is obvious that no form of global governance of
political affairs is on its way to becoming world government, but rather a piecemeal
attempt at providing governance of some essential single
issue such as health or web
addresses or missile technology.
5
Instances of global governance are neither univer-
sal (not all of the countries participate) nor compelling nor always felt as legitimate.
* * *
At midway through our review of global affairs we stop for a while and draw some
provisional conclusions regarding capitalism, the state and democracy.
Capitalism has once again proven its vitality by globalising itself and changing the
framework conditions of the economy and politics in the many ways we have tried
to sketch. But it has failed to rethink its own governance rules under the new cir-
cumstances, in particular after the Great Recession, started in 2008 in America and
Europe. This event has disproven the myth of the self-regeneration of the market
as far as it was left free to follow its logic of profit disjointed from production and
consumption of real goods. Financial capitalism, the motor that cracked in 2008, has
been largely successful afterwards in impeding a re-regulation
capable of preventing
a rerun of the crisis. The capitalism of the twenty-first century has not been so far
up to its own Schumpeterian definition as ‘creative destruction’.
The
nation state has, on the one hand, acquired unprecedented tools of control
on the life of society, for example in fiscal, health and security issues; government
The globalised world
133
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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