How did we get from the optimism of the Arab Spring and the Occupy Movement to Trump’s election and the dislocation of the present day?
Why It’s Kicking Off Everywhere, written by Paul Mason and directed by David Lan, will be performed 28–30 March 2017 at the Young Vic. Tickets are free and will be allocated by ballot.
"If I told you eight years ago that America would reverse the great recession, reboot the auto industry, and unleash the greatest stretch of job creation in our history ... you might have said our sights were set a little too high." Thus boasted the former US president Barack Obama in his farewell address. But is the financial crisis really behind us? Has the strategy implemented to save the banks not, on the contrary, created the conditions for the next conflagration? Cédric Durandwrites.
An abbreviated version of this article appeared in the February 2017 Le Monde diplomatique. Translated by David Broder.
Figure 1: GDP growth in the advanced economies
Happy anniversary! On 2 April 2007, New Century Financial Corporation entered into liquidation. The collapse of this US real estate investment company — the second biggest provider of the now-infamous subprime mortgages — fired the starting gun on a financial crisis bigger than any the world had seen since 1929. Ten years on, capitalism is still yet to recover from this major shock. Growth is sluggish, under-employment endemic and the extreme monetary policies implement by central banks are reaching their limits.
Since storming to victory on September 14th 2015 with 59.5% of the vote in Labour's leadership election, Jeremy Corbyn has faced many challenges; including from within his own party.
On Saturday he dealt with the most significant threat to his leadership to date. He increased his win to 61.8% in the leadership election, an unarguable mandate from his party members. The results of this weekend will have an overwhelming effect on the landscape of British politics. But will the PLP now unify behind their leader?
In the build up to the Labour Party Conference, the Leadership Election 2016, as well as the World Transformed festival (hosted by a coalition of grassroots groups and powered by Momentum), Verso has put together an essential reading list. Download our free eBook on Corbyn and the Future of Labour to get 40% off all of the books below until September 30th (click on the discount link within the ebook).