This book provides the first book-length study of the political and economic ideas of the British left’s Alternative Economic Strategy in the 1970s and early 1980s. Discussing the AES’s approaches to capitalism, the nation state and the working class, it argues that existing academic accounts have significantly overstated the radicalism of the strategy. Perhaps more notable, especially in the light of its stated ‘revolutionary’ aims, was the extent of its moderation – its continuities with post-war Labour revisionism, its marked reluctance to look beyond the market economy, the degree of its preoccupation with Britain’s global-economic status, and its inability to break with Labourist politics of class co-operation in the national interest. While the book argues that the AES was the last ‘class politics’ socialist initiative in mainstream British politics, it also explores the ways in which its ideas perhaps prepared the way for New Labour in the 1990s, and its relationship with 'Corbynism' since 2015.
This book provides the first book-length study of the political and economic ideas of the British left’s Alternative Economic Strategy in the 1970s and early 1980s. Discussing the AES’s approaches to capitalism, the nation state and the working class, it argues that existing academic accounts have significantly overstated the radicalism of the strategy. Perhaps more notable, especially in the light of its stated ‘revolutionary’ aims, was the extent of its moderation – its continuities with post-war Labour revisionism, its marked reluctance to look beyond the market economy, the degree of its preoccupation with Britain’s global-economic status, and its inability to break with Labourist politics of class co-operation in the national interest. While the book argues that the AES was the last ‘class politics’ socialist initiative in mainstream British politics, it also explores the ways in which its ideas perhaps prepared the way for New Labour in the 1990s, and its relationship with 'Corbynism' since 2015.
The 59th annual volume of the Socialist Register examines the growth of corporate power and other important organizational trends in global capitalism. Rejecting such notions as “stakeholder capitalism,” it reviews the organization and strategies of unions and the left as it searches for new routes to socialism.
This book combines radical history, critical geography, and political theory in an innovative history of the solidarity campaign in London during the 1984-5 miners’ strike. Thousands of people collected food and money, joined picket lines and demonstrations, organised meetings, travelled to mining areas, and hosted coalfield activists in their homes during the strike. The support campaign encompassed longstanding elements of the British labour movement as well as autonomously organised Black, lesbian and gay, and feminist support groups. This book shows how the solidarity of 1984-5 was rooted in the development of mutual relationships of support between the coalfields and the capital since the late 1960s. It argues that a culture of solidarity was developed through industrial and political struggles that brought together diverse activists from mining communities and London. The book also takes the story forward, exploring the aftermath of the miners’ strike and the complex legacies of the support movement up to the present day. This rich history provides a compelling example of how solidarity can cross geographical and social boundaries. This book is essential reading for students, scholars, and activists with an interest in left-wing politics and history.
A new and essential history of the Labour new left from Tony Benn to Jeremy Corbyn. Jeremy Corbyn’s rapid ascent to the leadership of the Labour Party, driven by a groundswell of popular support particularly among the young, was met at the time by a baffled media. Just where did Jeremy Corbyn come from? In Searching for Socialism, Leo Panitch and Colin Leys argue that it is only by understanding Corbyn’s roots in the Bennite Labour New Left’s long struggle to transcend the limits of “parliamentary socialism” and democratise the party, as a precondition for democratising the state, can you understand his surge to become leader of the party. Closely analyzing the forces inside the party aligned against Corbyn’s leadership, Panitch and Leys explain what happened between the validation of the Corbyn project in the 2017 election, while advancing an ambitious programme of democratic socialist measures unmatched anywhere since the 1970s, and the electoral defeat amidst the Brexit conjuncture of 2019. They argue that while this defeat marked the farthest point to which the generation formed in the 1970s was able to carry the Labour new left project, it seems unlikely that the new generation of activists will quickly see any other way forward than continuing the struggle inside the Labour Party, so as to fundamentally change it. In the face of the contradictions being generated by twenty-first-century capitalism, and the need for discovering and developing new political forms adequate to addressing them, this book is required reading for democratic socialists, not just in Britain but everywhere.
What would a fair and equal society actually look like? The world-renowned economist and bestselling author Yanis Varoufakis presents his radical and subversive answer in a work of speculative fiction that recalls William Morris and William Gibson The year: 2035. At a funeral for Iris, a revolutionary leftist feminist, Yango is approached by Costa, Iris’s closest comrade, who urges him to carry out Iris’s last wish: plough into her secret diaries to tell their story. “But”, Costa insists “leave out anything that might help Big Tech replicate my technologies!” That night Yango delves into Iris’s diaries. In them he discovers a chronicle of how Costa’s revolutionary technologies had unveiled an actually existing, fully democratized, postcapitalist society. Suddenly he understands Costa’s obsession with the hackers trying to steal his secrets. So begins Yanis Varoufakis’s extraordinary novelistic thought-experiment, where the world-famous economist offers an invigorating and deeply moving vision of an alternative reality. Another Now tells the story of Costa, a brilliant but deeply disillusioned, computer engineer, who creates a revolutionary technology that will allow the user a “glimpse of a life beyond their dreams” but will not enslave them. But an accident during one of its trial runs unveils a cosmic wormhole where Costa meets his DNA double, who is living in a 2025 very different than the one Costa is living in. In this parallel 2025 a global hi-tech uprising, begun in the wake of the collapse of 2008, has birthed a post-capitalist world in which work, money, land, digital networks and politics have been truly democratized. Banks have been eliminated, as well as predatory, data-mining digital monopolies; the gig economy is no more; and the young are free to experiment with different careers and to study ”non-lucrative topics, from Sumerian pottery to astrophysics.” Intoxicated, Costa travels to England to tell Iris, his old comrade, and her neighbor, Eva, a recovering banker turned neoliberal economics professor, of the parallel universe he has discovered. Costa eventually leads them back to his workshop in America where Iris and Eva meet their own doubles, and confront hard truths about themselves and the daunting political challenge that "the Other Now" presents. But, as their obsession with the Other Now deepens, time begins to run out, as the wormhole begins to deteriorate and hackers begin to unleash new attacks on Costa’s technology. The trio have to make a choice: which 2025 do they want to live in? Varoufakis has been claiming for a while that we already live in postcapitalist times. That, since the 2008 crisis, capitalism has been morphing into technofeudalism. Another Now, a riveting work of speculative fiction, shows that there is a realistic, democratic alternative to the technofeudalpostcapitalist dystopia taking shape all around us. It also confronts us with the greatest question: how far are we willing to go to bring it about?
In November 1980, James Callaghan retired as leader of the Labour Party. He had been on the front line of British politics for many years and was the only person to hold all of the four great offices of state. However, his premiership is seen as a failure, the last gasp of Keynesian social democracy being smothered by the oncoming advent of Thatcherism. This book offers a timely reappraisal of Jim Callaghan's premiership and time as Leader of the Opposition in 1979–80.
The election of the most left-wing Labour Party Leader since 1945, followed by the Party's third consecutive general election defeat and the ongoing cultural divisions around Brexit present an ideal opportunity for a thorough re-evaluation of the state of the Party within its broader ideological and historical context. This second edition of this highly respected book analyses the current developments and places them in their historical setting through a clear three-part framework of Ideological Positions, Struggles and Commentaries. Thoroughly updated and featuring contributions by leading academics and politicians, it continues to represent one of the most ground-breaking and thorough analyses of Labour's political thought in a generation and will be of key interest to scholars, students and observers of British Politics, British History, Party Politics, and the Labour Party.
Karl Polanyi’s The Great Transformation is generally acclaimed as being among the most influential works of economic history in the twentieth century, and remains as vital in the current historical conjuncture as it was in his own. In its critique of nineteenth-century ‘market fundamentalism’ it reads as a warning to our own neoliberal age, and is widely touted as a prophetic guidebook for those who aspire to understand the causes and dynamics of global economic turbulence at the end of the 2000s. Karl Polanyi: The Limits of the Market is the first comprehensive introduction to Polanyi’s ideas and legacy. It assesses not only the texts for which he is famous – prepared during his spells in American academia – but also his journalistic articles written in his first exile in Vienna, and lectures and pamphlets from his second exile, in Britain. It provides a detailed critical analysis of The Great Transformation, but also surveys Polanyi’s seminal writings in economic anthropology, the economic history of ancient and archaic societies, and political and economic theory. Its primary source base includes interviews with Polanyi’s daughter, Kari Polanyi-Levitt, as well as the entire compass of his own published and unpublished writings in English and German. This engaging and accessible introduction to Polanyi’s thinking will appeal to students and scholars across the social sciences, providing a refreshing perspective on the roots of our current economic crisis.
