Activity

The 80s were the period when capitalist realism was fought for and established, when Margaret Thatcher's doctine that 'there is no alternative'--as succinct a slogan of capitalist realism as you could hope for--became a brutally self-fulfilling prophecy.

Capitalism foments divisions between people to facilitate the concentration of wealth, but it can also permit individuals economic mobility in ways that protect its intrinsic inequalities.

The International Monetary Fund and World Bank can force "structural adjustment programs" on so-called developing nations in return for loans precisely because these countries have been exploited for so long.

It's possible to see the Bolshevik revolution as an exotic version of the Fordist compromise, in which workers' struggles were channeled into supporting a new bureaucratic ruling class in return for a share of consumer goods.

With the demise of Athenian democracy, it fell into desuetude, then oblivion