Abstract

The article sketches out three arguments: a) The financial crisis that dominates the economic and political processes since 2008 transforms the transnationalized network state into a new form of the exceptional state. Arguing against those who describe the actual conjuncture as authoritarian statism, Demirovi? argues that the new is a governmentalized austerity state. b) Since long critical state theory argues that democracy is in a crisis. But the process is not one of a constant decline but rather a cycle; and the cycle is determined by the compromises between social classes. c) In the recent crisis of democracy not only new actors appeared fighting for real democracy but also the theories of radical democracy became radicalized. This is demonstrated in the discussion of the approaches of Jürgen Habermas and Chantal Mouffe. The theory of democracy overcomes the liberal distinction of economy and politics and tends to democratize social complexity in itself.

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