April 04, 2017
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?
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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?