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[...] Blair and Gordon Brown staked everything on financialization. Deregulation of the credit market would allow even the poor to take part in the asset-price bubble. The booming finance industry would generate high tax revenues, which would be redistributed to the working class through welfare pa…

Neoliberalism unleashed numerous structural transformations. The principal ones were: the offshoring of productive industries; the restructuring of corporations into a 'value chain' of smaller companies; cutting taxes to shrink the state; the privatization of public services; and the financializati…

If life for working-class people felt better in the 1990s than the 1980s, it was because both credit and cheap Chinese goods offset the primary problem: stagnating wages. That globalization and financial deregulation are essentially positive for working people became the overt message of social dem…

The culture of resistance to capital has, for some, mutated into a culture of revolt against globalization, migration and human rights. How we got here is not just a story of neoliberalism's economic failure, but the collapse of a narrative. In turn, the paralysis of the left lies not in its failur…

[...] the Enlightenment, in which the idea of the European Union is intellectually rooted, demands universal citizenship. But universal citizenship requires one of two things to happen: either poor and dysfunctional countries have to become places in which it is worthwhile to live, or Europe has to…