The left-wing party’s embrace of austerity created the conditions for a parasitic and cruel oligarchy to return.
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The Communist Manifesto not only foresaw today’s predatory and polarized global capitalism but shows that we have the power to create a better world, says the radical former Greek Finance Minister in his introduction to a reissue of the Manifesto.
Only a handful of European states are currently governed by left-wing governments, and several of the traditionally largest left-wing parties, such as the Socialist Party in France, have experienced substantial drops in support. Jan Rovny argues that while many commentators have linked the left’s decline to the late-2000s financial crisis, the weakening of Europe’s left reflects deep structural and technological changes that have reshaped European society, leaving left-wing parties out in the cold.
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