CapitalismEssaysThe Left

Seven Steps toward Enlightenment: The Case of the French Killings

When a crystal breaks, it breaks along lines of pre-existing weakness. Thus traumatic assaults, like the one in Paris, can serve as X-rays into the body politic that endures them. Certainly, the US invasion of Iraq, a response to 9/11, serves as a paradigm case of how a terroristic attack can provoke the blind aggressivity otherwise obscured and disguised in the self-professed guarantor of world peace. By examining the range of responses to the massacre at Hebdo, we can learn something more about ourselves, and perhaps correct our mistaken stance. In my view there are seven levels of response to these attacks, each a mixture of ideology and truth, progressing closer and closer to something comprehensive and just, albeit also elegiac and incomplete. …

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EssaysPsyche

Are We Really Such Beasts?

There is a relentless barrage of narratives about our supposed beastly nature and conduct. Since childhood, we have all watched animals routinely tear off each others’ limbs in countless nature documentaries meant to show us that survival at any cost is the natural order of life. We are fascinated by House of Cards, from which we infer that only suckers play by the book and uphold standards of decency. Many of us stumbled across the political theory of Thomas Hobbes in school; he told us that man is a wolf to other men and that the only way to reign in the beast is to resign to a larger beast — the Leviathan. We also recall that Adam Smith advised us not to rely on the charity of the butcher and the grocer for our meal, but on their self interest. We watched Scorsese’s The Wolf of Wall Street or Costa-Gavras’s Le Capital, and they confirmed that self interest knows no bounds. …

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CapitalismEssaysTheory & Practice

Has Capitalism Seen Its Day?

There is a widespread sense today that capitalism is in critical condition, and more so than ever since the end of the Second World War. Looking back, the crash of 2008 was only the latest in a long sequence of political and economic disorders that began with the end of postwar prosperity in the mid-1970s. Successive crises turned out to be ever more severe, spreading more widely and rapidly through an increasingly interconnected global economy. Global inflation in the 1970s was followed by rising public debt in the 1980s, and fiscal consolidation in the 1990s was accompanied by a steep increase in private sector indebtedness (Streeck 2011; 2013a). For four decades now, disequilibrium has more or less been the normal condition of OECD capitalism, both at the national and the global levels. In fact, with time, the crises of postwar capitalism have become so pervasive that they are increasingly perceived as more than just economic in nature, in a rediscovery of the older notion of a capitalist society: …

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EssaysImaginal PoliticsLiberal Democracy in Question

Can Europe Learn from Latin America about History and Justice?

Can Latin America change European political memory? Can a long history of European silence be dealt with from across the Atlantic? The current investigations of Argentine courts into the crimes of the Franco dictatorship have brought these questions to the fore. As we have seen this week, many in Europe are not happy with this Third World « judicial intrusion » under the aegis of universal jurisdiction. …

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