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).
A British politics reading list
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It's been a landmark year for this rainy island. Labour coup attempts, Brexit chaos, rising poverty, thriving right-wing politics, and yet! we've seen more outrage over a potential marmite shortage than the spike in racially motivated attacks.
Beyond that, there's been an accelerated rise of the far-right throughout Europe (and, of course, the horror in the US), a refugee crisis so poorly managed that an even worse humanitarian crisis awaits us in 2017, and a global climate catastrophe that isn't going away but continues to be (largely) ignored. Capitalism is still doing it's bit for the rich, whilst failing everyone else, creating a wealth divide so large that it's hard to see where it will end.
Our British politics reading list includes books that look at these very issues, as well as the historical contexts and political conditions that have allowed them to thrive in the last year. Until Jan 1: all our print books are 50% off (with free shipping worldwide and bundled ebooks), all our ebooks are 90% off.
“Before capitalism will go to hell, it will for the foreseeable future hang in limbo, dead or about to die from an overdose of itself but still very much around, as nobody will have the power to move its decaying body out of the way.” - Wolfgang Streeck
After years of ill health, capitalism is now in a critical condition. Growth has given way to stagnation; inequality is leading to instability; and confidence in the money economy has all but evaporated.
We present a reading list of titles that examine our current economic state, including Wolfgang Streeck's critically-acclaimed new analysis, How Will Capitalism End?