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.
Greece's former finance minister under the radical Syriza government offers a revealing tell-all about modern capitalism through his battles over Greece’s debt with the “Troika”: the International Monetary Fund, the European Commission and the European Central Bank (ECB), and eventually with his own prime minister.
This volume is an insider's account of Greece's recent struggle to preserve the general welfare of its people in the fact of the belt-tighening demands of the managers of the international financial system. Reviewer Rensin offers an assessment.
We must include migrants and refugees in the people, politically and institutionally in the sense of full social and political rights but also ideologically in the terms of how we define the “us vs. them” in our societies. We need to redefine the people –or even the “nation”– as the unity in struggle of all the subaltern classes. This is an answer to “identity politics” than chauvinism in the name of “secularism," and an answer to neo-liberal cosmopolitanism.
The left has been in disarray since 1991 - it never fully recovered from the collapse of the Soviet Union, despite widespread opposition to Stalinism and -authoritarianism. In the past two decades, we have witnessed a major spasm of global capitalism that has triggered a long deflationary period across the United States and Europe. Just as the Great Depression did in the 1930s, this has created a breeding ground for xenophobia, racism and scapegoating.
Can the EU still unite a continent shattered by world wars, or is it little more than a vehicle for austerity capitalism? Soon British voters will vote on Brexit - leaving the EU. Given the absence of a strong, continent-wide left, however, reversing the current economic rules of the EU may be a country-by-country battle. It's already underway - and for all of the economic power of the EU, the organization is vulnerable to charges that Brussels has sidelined democracy.
Across Europe, voters are turning to far-right parties, won over by nationalism, anti-immigrant hysteria and failed economic policies of austerity. In Germany, France, Poland, Hungary and Sweden, far right parties have made gains. Left political parties in these countries have not been as successful as those in Spain, Portugal, Ireland and Greece.
Former Greek Finance Minister Yanis Varoufakis revealed for the first time how days after he resigned, the Troika effectively abolished a unit he had set up to combat tax evasion. European Commission (EC) President Jean-Claude Junker led the efforts to prevent Greece from collecting taxes. Junker was Minister of Finance and later Prime Minister of Luxembourg from 1989 to 2013. Varoufakis called Luxembourg the largest tax haven in the world.
The European Union is disintegrating – but leaving is not the answer.
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