Costas Lapavitsas is a candidate standing for election on Syriza’s list. He is a Professor of Economics at the School of Oriental and African Studies, University of London. He is a member of Research on Money and Finance (RMF). He was the lead author of the RMF reports published by Verso as Crisis in the Eurozone. His previous publications include Social Foundations of Markets, Money and Credit and Political Economy of Money and Finance and Profiting Without Producing: How Finance Exploits Us All.
25 researchers and political organisers from France, Greece, Spain, Germany, Italy and Belgium have put their names to this collective text, following the international conference France and Europe after Brexit. The conference was staged in Paris on 2 and 3 December 2016 by the Europe-wide EReNSEP network. Translated by David Broder.
Europe has entered a critical period. It is evident that the Economic and Monetary Union (EMU) has irrevocably failed. The economies on the periphery are suffering severe crisis, and the economies of the centre are stagnating. The single currency has become an instrument of German capitalism as it seeks to impose a mercantilist economic policy through wage dumping as well as to dictate "structural reforms" (and it is supported, in this, by the other economies at the centre of the EMU).
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’.
This piece appeared first in Jacobin.
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The Leave victory in the British referendum represents a moment of political confusion — a hiatus in the opposition between social classes. No class appears capable of directing events. The ruling class has no clear plans for the future, and seems temporarily stunned.
The working class and the poor have expressed great anger at the state of affairs of both society and nation, but are also deeply divided, with contradictory ideas prevailing in their midst. The formless middle class is deeply frustrated at the turn of events and would like a firm hand at the tiller, but has no idea how to achieve this outcome.