Tag Archives: neoliberalism

Freedom: Polanyi versus Hayek

Both Karl Polanyi and Friedrich Hayek addressed the ‘big’ question of how we can attain freedom in a complex society. Despite sharing similar backgrounds and experiences, they famously arrived at divergent conclusions. Who is right? Continue reading

Socialism – Is There an Alternative?

Since Margaret Thatcher made her famous pronouncement about the lack of an alternative to free-market capitalism, many on the left have seemed to agree. Continue reading

Karl Polanyi and the Rejuvenation of Today’s Disoriented Left

Nearly everyone agrees that the left is a mess. The main clash in most Western countries today pits mainstream neoliberals against right-wing authoritarian populists, with the latter channeling the rage instigated by the policies of the former. The mainstream social-democratic parties in Europe are in electoral free-fall. The ‘Pink Tide’ in Latin America has rapidly receded (with a couple of exceptions). And far-right populism is becoming the movement of the traditional working class. A crisis may erupt at any time in the form of another financial meltdown, an ecological disaster, an authoritarian reaction or a foreign-policy miscalculation. Continue reading

The Fascist Virus

In an unpublished article circa 1934 entitled “The Fascist Virus”[i] Karl Polanyi sketches a theory of fascism that remains relevant. This theory is further elaborated in an article entitled “The Essence of Fascism”[ii] and in The Great Transformation (1944). In light of current politico-economic trends, this theory is worth revisiting. Continue reading

Youth: Vanguard for the Next New Left?

With the decline of the traditional working class and its growing defection to right-wing populism, progressives have searched for an alternative social agent. Could it be youth? Continue reading

The Origins of Today’s Fascist Tendency

In responding to the threat of today’s fascist tendency, an effective strategy depends upon a robust diagnosis. It is clear that right-wing populists, the harbingers of this tendency, are channeling the resentment and rage of substantial segments of national populations. But where precisely does the anger come from? Continue reading

The Emerging New Left: Seven Key Issues

Many of us are drawn to the idea of a New Left because we yearn for change of a certain type: toward a more democratic, egalitarian, cooperative and sustainable society. In practice, however, the left is in a perilous state in many countries. Reactionary populist and nativist movements are making inroads among constituencies, especially the working class, who might be expected to favour progressive causes.

What needs to be done to rejuvenate the left, to build a new left in sync with the 21st century? No one has all the answers. But at least we can identify the key questions and reflect on the possibilities.

Revolt of the Working Class

The working class is in revolt against neoliberalism. But there is a problem. The revolt is led, not by the left, but by far-right populists. How did this happen? And how should the left respond? Continue reading

A New Vision for the Left II: Challenges

When I showed When the People Awake to an undergraduate class in the mid-70s, the militant documentary received a strongly favourable response. It had been made in 1972 by left-wing Chilean film-makers who supported the democratic-socialist administration of Salvador Allende’s Unidad Popular. When I screened the same stirring documentary in the same course 25 years later, the students responded negatively. In fact, they voted with their feet, most of them withdrawing from the classroom under the cover of dark. What had changed in the interim? Continue reading