In the latest issue:
Wolfgang Streeck: The Return of the Repressed
Is the long reign of neo-liberalism coming to an end, struck by the untoward blows of Brexit, Trump and spread of populist insurgencies across Europe, as victims of its pattern of globalization start to find a voice? If so, with no radical alternative yet in sight, is a strange interregnum looming, where ‘everything is possible and nothing consequential’?
First published in Le Monde. Translated by Loren Balhorn.
via Wikimedia Commons.
Seen from Germany, it is possible to envy, admire, and feel sorry for France all at the same time. One can envy their freewheeling public debates on topics like “globalisation” and Americanisation, Europeanisation and Germanisation, capitalism, neoliberalism, “competitiveness,” and “structural reforms." This is because, in France, it is still allowed to publicly ask what words like “cosmopolitanism” really mean; what societies have to accept in exchange for this cosmopolitanism, how much thereof a society really needs or wants and, moreover, what sorts of compromises societies must make in a global market characterised by a universalistically diluted form of constitutional patriotism. In Germany, by contrast, those who neglect to drink from society’s daily dose of the cosmopolitan nectar tend to be excommunicated from public discourse. There is no legitimate public discussion of the French questions — not in literature, not in the social sciences, not in the media, and not in the parliament (here, as an institution driven by allegedly eternal and unchanging “Western values," least of all). Such questions are shunned, pushed into the far-right corner. Maybe it has to be this way in Germany, and maybe German expectations that it should be this way in other countries as well are merely an expression of envy.
From the explosion in border walls to the rise of Donald Trump to the books that they've read along the way, Verso authors reflect on one of the most shocking years in recent history in this 2016 review.
With contributions from: Franco Bifo Berardi, Christine Delphy, Keller Easterling, Nick Estes, Liz Fekete, Amber A'Lee Frost, Andrea Gibbons, Owen Hatherley, Eric Hazan, Helen Hester, Karen L. Ishizuka, Reece Jones, Costas Lapavitsas, Andreas Malm, Geoff Mann, Jane McAlevey, Ed Morales, David Roediger Nick Srnicek and Wolfgang Streeck.
Ninety-nine years after the Soviet Revolution the stage is set for precipitation into global civil war. While the financial class exacerbates its agenda fuelling unemployment and social devastation, the dynamics that led to Nazism are deploying worldwide. Nationalists are repeating what Hitler said to the impoverished workers of Germany: rather than as defeated workers, think of yourself as white warriors so you’ll win. They did not win, but they destroyed Europe. They will not win this time neither, but they are poised to destroy the world.
After two centuries of colonial violence, we are now facing the final showdown. As worker’s internationalism has been destroyed by capital globalisation, a planetary bloodbath is getting almost unavoidable.
After centuries of colonial domination and violence, the dominators of the world are now facing a final showdown: the dispossessed of the world are reclaiming a moral and economic reward that the West is unwilling and unable to pay. The concrete historical debt towards those people that we have exploited cannot be paid because we are forced to pay the abstract financial debt.
The year now coming to an end has abounded with bad news on the political front. After a foul and very long debate on how we could ‘strip’ French citizens of their nationality – ultimately reaching the conclusion that this was impossible with regard to both French laws and international conventions – the government abandoned the bill. Immediately after that, a fresh bill was presented to ‘reform’ the labour code, largely getting rid of the majority of the guarantees enjoyed by workers. There was a mass mobilisation against this plan, lasting across the whole spring and part of summer. It opposed demonstrators in all France’s towns and cities to a police which, as the prime minister Manuel Valls put it, ‘had not been given any orders to show restraint’.
In this extract from his new book, How Will Capitalism End?, Wolfgang Streeck argues that although economic progress in the twentieth century made the free-market regime attractive to working class majorities, today the doubts about the compatibility of a capitalist economy with a democratic polity are returning. Charted in the rise of left and right wing populism, and the backlash against poll predictions, Streeck’s work is a timely response to the current state of uncertainty, and addresses the question as to what happens now?
All books on our Emerging Futures Reading List, including How Will Capitalism End?, are 40% off until Sunday, November 20th at midnight UTC. Includes free worldwide shipping and bundled ebooks where available.
Click here to activate the discount.
After 40 years of neoliberal reaction, in which the utopia of perfect market justice was touted by everyone from leading economists to politicians the world over, 2016 seems to have been a watershed moment in the history of capitalism. Between the rise of populism on both the right and the left, typified by the election of Donald Trump, and the decision of voters to defy the liberal elites with the Brexit vote, 2016 has seen the revenge of the voters, in however perverted a form.
In this extract from his new book, How Will Capitalism End?, Wolfgang Streeck argues that capitalism is riven with the contradiction between the needs of the market and those of the voters. Neoliberalism, Streeck argues, saw the dominance of market logic over that of voters, but is that now changing?