Debates continue on whether the power brokers of global capitalism are going to take a stimulatory Keynesian approach in the period ahead or revert to an austerity driven attack. A few thoughts on this.
First written for Counterfire.
First written for Midnight Sun Magazine.
Written originally for Counterfire.
Originally written for Midnight Sun Magazine.
State power ultimately rests on the ability to use force in the interests of the dominant social class. However, even the most authoritarian regimes work to ensure a level of legitimacy and the allegiance of a major portion of the population. For liberal democracies that serve exploitative minorities through ‘representative democracy,’ legitimacy is especially important.
Co-written with Jade Saab.
The global pandemic that we are living through, in its origins and defining features, is very much a product of the capitalist system. Moreover, it has developed along lines that corresponded to the particular stage of capitalist development that we can refer to as the neoliberal period. There are several key elements to be considered in this regard.