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Archive of Profiting Without Producing

    Verso Books
    21 December 2021
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    Reading List

    Neoliberalism is Collapsing. What Was it? What Comes Next?

    The titles below trace this history and provide the backdrop for understanding class struggle today in the context of the collapse of neoliberalism: 

    Costas LapavitsasStathis Kouvelakis
    08 October 2018
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    Syriza’s Repressive Turn

    Alexis Tsipras’s government promised to end austerity. Now it’s defending the banks against people evicted from their homes — and persecuting those who protest.

    Lewis Bassett
    29 November 2017
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    Project Corbyn confronts the markets

    Lewis Bassett on Corbynomics and the recent Conservative budget

    Baptiste Touverey
    02 June 2017
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    After Capital's Revolt: an interview with Wolfgang Streeck

    Capital could not just abolish the gains of the postwar period. It was necessary to preserve social peace. The "trick" in the 1970s consisted of using inflation to defuse the emerging conflict between labour and capital over redistribution. The money machine was used to compensate for the loss of income which resulted from the reduction in capital’s contribution to the welfare state… Evidently, that could not last. So from the late 1970s inflation was replaced with public debt, and states borrowed (rather than tax) in order to be able to keep up the level of services. Then, in the 1990s, when states began to worry about the growing weight of debt servicing as part of their budgets, and reduced their spending (and thus social services) we took recourse to private debt. In other words, we made it easier than ever for households to take on debt so that they could preserve their purchasing power, which was being cut back by these budget consolidation measures. And that led us to the 2008 catastrophe.

    Oriol Solé Altimira
    03 March 2017
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    Lapavitsas: "The left is paying the price for its conservative discourse on the currency union."

    Cédric Durand
    01 March 2017
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    The Ignored Lessons of the Financial Crisis

    Verso Books
    02 February 2017
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    In the Long Run We Are All Dead: Verso's Economics Bookshelf

    Verso Books
    08 December 2016
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    The Year in Review: Verso authors reflect on 2016

    Geert LovinkFranco 'Bifo' Berardi
    25 October 2016
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    Zero Work is the Tendency, Negative Money is the Tool: To rescue Europe from the abyss of racist war we must design Europe 2.0

    Raphaele Chappe
    07 September 2016
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    New Perspectives on Neoliberal Finance

    The changing nature of capital markets since Rosa Luxemburg wrote The Accumulation of Capital begs for a reexamination of the original mechanisms she described.

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