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The Fear of Secular Stagnation
I love the prospect of secular stagnation (raised by Bob Reich) primarily because the answers are so easy: Let’s keep our eyes on the ball. The problem in this picture is that we are capable of producing more goods and services than we want to consume. It’s a problem of too little money chasing too […]
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Reading The Politics of Veil
Joan Wallach Scott, The Politics of the Veil. Princeton and Oxford: Princeton University Press, 2007. Vii + 208 pp. Illustrations, notes, and index. $24.94 U.S. (cl), ISBN 978-0-691-1243-5. On March 15, 2004, the French government passed a law banning the wearing of « conspicuous signs » of religious affiliation within public schools. The decision […]
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Après moi, le déluge: War, Debt, and Revolution
Michael Sonenscher, Before the Deluge: Public Debt, Inequality, and the Intellectual Origins of the French Revolution. Princeton and Oxford: Princeton University Press, 2007. x + 415 pp. Notes, bibliography, and index. $39.95 U.S. ISBN-13: 978-0-691-12499-5 (hb). The subtitle of Michael Sonenscher’s book calls to mind at least two different, and separate, historical problems. First, […]
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United against Us, Divided among Themselves: Toronto and European Assault on Living Standards
Martin Wolf described it as “a bloodbath.” The Financial Times editorial called it a “chilling read.” Britain’s budget is one of austerity, the likes of which has not been seen in generations. A 25 per cent cut in public spending; a quarter of a million or more public sector jobs to be slashed. It […]
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Kalecki Again
Not very long ago, one of the main concerns of the U.S. labor movement and left-liberals was winning the passage of a full employment policy at the federal level. In fact, this goal was attained in 1978 when Congress passed and President Carter signed the Humphrey-Hawkins Full Employment Act, which ostensibly committed the federal government […]
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Greece: The Weak Link
Esquerda.net: In December 2008, Greece faced huge demonstrations triggered by the killing of a youth by police. What is the link between the reactions in 2008 and those seen in 2010? Stathis Kouvélakis: . . . They do share in common two important things. The first is that they reflect, express, the deep crisis […]
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South Africa: An Unfinished Revolution?
The Fourth Strini Moodley Annual Memorial Lecture, University of KwaZulu-Natal, 13 May 2010 I In her historical novel, A Place of Greater Safety, which is played out against the backdrop of the Great French Revolution through an illuminating character analysis and synthesis of three of that revolution’s most prominent personalities, viz., Maximilien Robespierre, Georges […]
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Greece: Who Needs “Success Estonian Style”?
As I have noted previously, Latvia has experienced the worst two-year economic downturn on record, losing more than 25 percent of GDP. It is projected to shrink further during the first half of this year, before beginning a slow recovery, in which the International Monetary Fund (IMF) projects that it will not reach even its […]
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Europe Is Failing Its Muslims
Thank you. Thank you for the invitation, and, as we don’t have much time, let me go straight to some of the main points supporting this motion “Europe is failing its Muslims.” Let me start by saying that we are living in a difficult situation. If you listen to what is said in the European […]
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The Left and Marxism in Eastern Europe
You now describe yourself as a Marxist, with plans for a Marxist theory group in Hungary in addition to your ongoing work as a writer and political commentator from the Left. Why Marx now? In Central and Eastern Europe after 1989, Marxist ideas and theories were hard-pressed to survive their connection to state socialism […]
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Tony Judt and the Limits of Social Democracy
Tony Judt. Ill Fares the Land. The Penguin Press, 2010. 237 pp. $25.95. In December, the New York Review of Books transcribed an October 2009 speech delivered by the eminent historian Tony Judt at New York University under the title “What Is Living and What Is Dead in Social Democracy?” A major address by Judt […]
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A Postsecular World Society? On the Philosophical Significance of Postsecular Consciousness and the Multicultural World Society
EM: Over the last couple of years you have been working on the question of religion from a series of perspectives: philosophical, political, sociological, moral, and cognitive. In your Yale lectures from the fall of 2008, you approached the challenge of the vitality and renewal of religion in world society in terms of the […]
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The Global Organic Crisis: Paradoxes, Dangers, and Opportunities
The capitalist world has experienced its deepest economic meltdown since the Great Depression of the 1930s. Paradoxically, whereas the earlier period saw the breakdown of liberal capitalism, the rise of fascism and Nazism, and the Soviet alternative to liberal capitalism, today neo-liberalism and capitalist globalization still remain powerful, and apparently supreme, on the stage of […]
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Latvia Shows the Damage That Far-Right Economic Policy Can Do — with Support from the European Union and IMF
The signs of recession are more noticeable to those who live here — restaurants and coffee shops have lost most of their customers, and construction has practically ground to a halt. Emigration has soared. Latvia has set a world-historical record by losing more than 24 percent of its economy in just two years. The International […]
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Québec solidaire: Building a Left to the North of the Behemoth
Unbeknownst to many progressives south of the 49th parallel, an interesting political experiment is unfolding to the north. Quebec solidaire (QS), a recently formed left-wing party based in the seven-million-strong French-speaking Canadian province of Quebec, is making significant inroads at the electoral level. Following the election of its first and only parliamentarian in December 2008, […]
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The Current Conjuncture: Short-run and Middle-run Projections
1. Where We Are: a) The world has entered a depression, whose greatest impact is yet to come (in the next five years). b) The United States has entered a serious decline in geopolitical power, whose greatest impact is yet to come (in the next five years). c) The world environment is entering into serious […]
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Organizing for the Anti-Capitalist Transition
The historical geography of capitalist development is at a key inflexion point in which the geographical configurations of power are rapidly shifting at the very moment when the temporal dynamic is facing very serious constraints. Three-percent compound annual growth (generally considered the minimum satisfactory growth rate for a healthy capitalist economy) is becoming less and […]
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The Impact of the Crisis on Women in Central and Eastern Europe
1. Impact on Women in Different Social Groups Financial and economic crises and a rapid loss of existential security are nothing new for women and men in the former socialist bloc countries of Central and Eastern Europe (CEE). These crises have been a permanent condition of everyday life for the majority of populations in […]
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Reviving Keynesianism: A Critique
The global crisis has undermined the neo-liberalist phase of capitalism that dominated the last 30 years of the world economy. It has likewise challenged the hegemony of neo-classical economics as the theoretical rationale of neo-liberalism’s celebration of private enterprise and markets. The form this challenge takes is a revival of Keynesian economics. As the crisis […]
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IMF: Back from the Dead
The International Monetary Fund (IMF) has definitely had a very good crisis. Just over a year ago, it was an institution on life support: ignored by most developing countries; derided for its failure to predict most crises in emerging markets and its often counterproductive responses to such crises; even called to book by its auditors […]