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.
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.