ANALYSIS: The “return of the state” as crisis administrator [Norbert Trenkle]

Parts of the left are attributing the current global economic crisis to political causes. Neoliberalism, so the argument goes, with its total deregulation of markets and particularly the radical increases in freedom accorded to the financial markets, has failed. Now, they claim, we are approaching an era of regulation and control by the state, and our task is to influence the forms it will take. The central demand is for the rolling-back of the influence of finance capital and a strengthening of the real economy, which in turn should itself be reformed both ecologically and socially. Whether or not this will succeed is treated primarily as a question of the balance of social power and of political mobilisation.


Deutsche VersionVersione Italiana


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