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In this groundbreaking study of the financial meltdown, renowned radical political economists lay bare the roots of the crisis in the inner logic of capitalism itself. Objective and detailed, this account provocatively challenges the call for a return to a largely mythical golden age of economic regulation as a check on finance capital. In addition, it deftly illuminates how the era of neoliberal free markets has been, in practice, under-girded by state intervention on a massive scale. Arguing for genuinely transformative alternatives to capitalism, and discussing how to build the collective capacity to realize these goals, this record is a critique of the crisis and an indispensable springboard for a renewed political left.
Leo Panitch, Sam Gindin, and Stephen Maher provide a newly updated and expanded primer for twenty-first century democratic socialists. The Socialist Challenge Today presents an essential historical, theoretical, and critical perspective for understanding the potential as well as the limits of three important recent phenomena: the Sanders electoral insurgency in the United States; the Syriza experience in Greece; and Corbyn's leadership of the Labour Party in the United Kingdom. The renowned coauthors compellingly convey the importance of developing strategic and practical capacities to democratically transform state structures so as to render them fit for realizing collective democracy, social equality, sustainable ecology, and human solidarity.
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