ABSTRACT

Politicians of every stripe line up to tell us how they plan to protect civil society from market's interminable boom and bust cycle, in an age of declining resources, is destined to bump along the bottom rather than reach high points of capitalism's post-war industrial heyday. Even those on the neo-liberal right who remain inextricably tied to the logic of deregulation tell us that we need new forms of regulation that control potentially harmful practices. Capitalism was merely regulated, it was not defeated and replaced with something else. People see this agenda at the core of SYRIZA in Greece and Podemos in Spain. These political parties possess considerable potential, and they represent genuine challenge to current neo-liberal order. However, as with any revolutionary intervention, people need to acknowledge considerable power of the forces of reaction. Of all the European movements emerging in the midst of contemporary crisis, it was SYRIZA that offered the most radical and economically literate political programme.