“Before capitalism will go to hell, it will for the foreseeable future hang in limbo, dead or about to die from an overdose of itself but still very much around, as nobody will have the power to move its decaying body out of the way.” - Wolfgang Streeck
After years of ill health, capitalism is now in a critical condition. Growth has given way to stagnation; inequality is leading to instability; and confidence in the money economy has all but evaporated.
We present a reading list of titles that examine our current economic state, including Wolfgang Streeck's critically-acclaimed analysis, How Will Capitalism End? and Geoff Mann's provocative new book on Keynesianism, political economy, and revolution.
All these books are 40% off (with free shipping) until Feb 5th, midnight UTC. Click here to activate your discount.
The second Ιnternational Conference of EReNSEP (The European Research Network on Social and Economic Policy), "France and Europe after Brexit", was held in Paris December 2-3, 2016. Videos from the event — including presentations by Costas Lapavitsas, Heiner Flassbeck, Stathis Kouvelakis, and Cédric Durand — are available on YouTube.
The collective statement below was drafted following the conference, and signed by 25 academics, writers, and politicians.
via Wikimedia Commons.
These are critical moments for Europe. It is clear that the Economic and Monetary Union has irrevocably failed, the economies of the periphery of Europe remain in severe crisis, and the economies of the core lack any impetus. The single currency has become a tool for Germany to implement mercantilism through wage dumping and — with the support of other core economies of the EMU — to dictate “structural reforms," which create economic stagnation, poverty, and unemployment. The big corporations and promoters of neoliberalism are taking advantage of the crisis to intensify their offensive against the social and democratic conquests of the twentieth century.
A British politics reading list
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It's been a landmark year for this rainy island. Labour coup attempts, Brexit chaos, rising poverty, thriving right-wing politics, and yet! we've seen more outrage over a potential marmite shortage than the spike in racially motivated attacks.
Beyond that, there's been an accelerated rise of the far-right throughout Europe (and, of course, the horror in the US), a refugee crisis so poorly managed that an even worse humanitarian crisis awaits us in 2017, and a global climate catastrophe that isn't going away but continues to be (largely) ignored. Capitalism is still doing it's bit for the rich, whilst failing everyone else, creating a wealth divide so large that it's hard to see where it will end.
Our British politics reading list includes books that look at these very issues, as well as the historical contexts and political conditions that have allowed them to thrive in the last year. Until Jan 1: all our print books are 50% off (with free shipping worldwide and bundled ebooks), all our ebooks are 90% off.
Remember kids! "Capital is dead labour, that, vampire-like, only lives by sucking living labour, and lives the more, the more labour it sucks." Get ready to go back to school by reading Verso's Economics 101 syllabus.