By Richard Seymour
But opposed to Austerity is going extra – creating a daring theoretical intervention at the query of hard austerity and developing radical choices. starting with an research of present category formation and dominant ideology, Seymour matters a decision to fingers, mapping a brand new technique to unite the left.
Along the way in which, he tackles the vexed query of attaining social swap, particularly problems with reform and social revolution. In an age characterized via the paucity and inadequacy of mainstream research, opposed to Austerity issues a fashion ahead to restore the left and create a brand new spirit of collective resistance.
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Additional resources for Against Austerity: How We Can Fix the Crisis They Made
After the Great Complacence: Financial Crisis and the Politics of Reform, Centre for Research on Socio-Cultural Change, University of Manchester, Oxford University Press, Oxford and New York, 2011. 40 Seymour T02680 01 text 40 04/02/2014 09:22 Class 3) Anticapitalist. 16 These tendencies arise from conflicts inherent in the system – the vertical conflict between capital and labour (class struggle), and the horizontal conflict between capitals (competition) – which result in chronic dysfunctions, whether in the form of underconsumption or a tendency for the rate of return on investment to fall.
46 Seymour T02680 01 text 46 04/02/2014 09:22 Class Linked to all this is America’s global domination, which some intrepid pundits began, after September 2001, to venture was an empire. The extension and Americanisation of the global financial system, and the internal articulation within Wall Street of the many local financial markets to which it is connected, ensures that a constant flow of value and profit is directed toward investors in the United States. The growth of the world economy during the neoliberal period was, by historical standards, relatively robust.
412. 39 Seymour T02680 01 text 39 04/02/2014 09:22 Against Austerity instruments that they blamed for bringing about the malaise. To the extent that it succeeded, even its manifest injustices and failures were forgiven by many electors. This is the sense in which I think it is useful to see austerity as a ‘class strategy’. It is not simply a plot to grab wealth, but something far more sophisticated: it is an attempt to creatively respond to a crisis in a current configuration of power and class leadership by reorganising society and further shifting the popular common sense.
Against Austerity: How We Can Fix the Crisis They Made by Richard Seymour