the radical Left was constantly on the alert for an anti-democratic putsch
The losers from the neoliberal turn cannot see what they might get from a change of government; the TINA (‘There is no alternative’) politics of ‘globalization’ has long arrived at the bottom of society where voting no longer makes a difference in the eyes of those who would have most to gain from political change
That the intensification of the fiscal crisis after 2008 is attributable to the financial crisis rather than a surfeit of democracy is borne out by quantitative studies that have found a positive correlation between the size of a country’s financial sector and the scale of new debt taken on in the wake of the crisis
Its favourite narrative is of excessive demands on the ‘common pool’
on the standard economic theory of politics
an old, though perhaps not venerable, concept
