In the two decades following the fall of the Berlin Wall, global capitalism became entrenched in its modern, neoliberal form. Its triumph was so complete that the word “capitalism” itself fell out of use in the absence of credible political alternatives. But with the outbreak of financial crisis and global recession in the twenty-first century, capitalism is once again up for discussion. The status quo can no longer be taken for granted.
As Eric Hobsbawm argues in his acute and elegant introduction to this modern edition, in such times The Communist Manifesto emerges as a work of great prescience and power despite being written over a century and a half ago. He highlights Marx and Engels’s enduring insights into the capitalist system: its devastating impact on all aspects of human existence; its susceptibility to enormous convulsions and crises; and its fundamental weakness.
This Sunday, 25 January, Greeks will vote in parliamentary elections of potentially historic importance, with Alexis Tsipras’s Syriza coalition currently ahead in the opinion polls. But according to Frédéric Lordon, Germany’s grip on the situation and the Greek radical Left party’s own inconsistencies might condemn it to some painful acrobatics.
For a long time Europe has been caught in a constitutional trap of its own making, with its neo-liberal treaties offering just two ways out of the current impasse: 1) the financial collapse of the European project, under the weight of its own internal contradictions; or 2) some political mishap coming along that will overthrow the whole system. The ECB’s announcement of the OMT programme  has avoided the first of these eventualities – for now – which leaves the second. And that’s the reason why the ‘European-institutional party’ has come to see democracy not as a normal state of political life but rather as a permanent source of threats – and it thinks itself justified in using any means necessary to stamp them out.
BACK TO UNIVERSITY/SCHOOL! 50% OFF EVERYTHING FOR ONE WEEK ONLY!
Feeling underwhelmed by your orthodox assigned readings? Expand your knowledge of left theory, give your political arguments some bite, and spark a love for revolutionary writers with this updated list of essential Verso books for undergraduates.
Whether you're a student of history, sociology, political science, or geography, look no further for key radical texts and indispensable primers on today's top thinkers.
The list is divided into Politics, Philosophy, Feminism, Postcolonial Studies, History and Geography - see below for our recommended reading in these areas.
All of these books will be discounted by 50%, with free shipping and bundled ebook, when you buy through our website until midnight on Tuesday September 16th! Not all books are available in all regions (apologies!) and - of course - only whilst stocks last.