Austerity politics

Fiscal austerity is more and more securely locked into place in the advanced capitalist countries. This is despite all the signs that the world economy faces, at best, a weak and unsteady recovery. The financial markets spent the summer agonising… Continue Reading

The mould cracks

The second bank bailout Confronted with the unwelcome outbreak of the Russian Revolution of February 1917, the sociologist Max Weber comforted himself with the following reflection: Even when the rebellious masses have leaders who are as able [as the bourgeoisie]… Continue Reading