Democracy is in crisis. There is a multiple crisis in Europe: A series from financial-, currency-, sovereign debt-, refugee- to a veritable constitutional crisis. There is a global crisis of democracy because of the emergence of internal (right-wing popublism) and external aurthoritarian (Putinism/ Orbanism/ Erdoganism) but also constitutional alternatives of other forms of ‘democracy’ or a constitutional mix of authoritarianism and democracy (China, Iran). Moreover, global law and clobalconstitutionalism,m once a great hope for democracy, now turns out to become more and more a threat to democracy that is a new formation of constitutional technocracy (EU), or the emergence of civil law constitutionalism that marginalizes inter- and transnational public law constitutionalism.n One of the main resons might be structural incompatability of capitalism and democracy, that comes to the fore again once state-embedded markets are turned into market-embedded states as the main result of fioncialized globalization