There is mounting evidence that neoliberal policies are losing legitimacy. The translation of such disaffection into positive commitment to an alternative, however, requires deeper disengagement from the dominant order and practical participation in creating alternatives. A social order built on escaping the pressures of democracy while at the same time depending on the capacities of many desiring democracy is unlikely to be stable. Thus the opaque and indirect forms of power typical of neoliberal rule are simultaneously sources of vulnerability and dependence, and breeding grounds for the power to subvert and transform.
The philosophy and experience of radical movements in the 1960s and 70s are in several ways complementary to the ideas of the direct action movements of today. Hilary Wainwright examines the possibility of forging a new kind of political economy by learning from the best of both of them.
Walden Bello shares some reflections on the meaning of Seattle for change in knowledge systems, discusses how despite the deep crisis of neoliberalism, finance capital has managed to retain tremendous power, and appeals for a new comprehensive vision of the desirable society.
The controversial General Agreement on Trade in Services (GATS) of the World Trade Organisation has generated major social concern about the implications for the equitable provision of basic public services.
"The banks are ours!" Public money was used to bail out the banks, and now they are lending back to the public at interest, while governments ignore the social and environmental crises that confront society. It is time to demand real solutions that will work not only for the sake of the economy but for the lives and conditions of people on whom it depends.
After a brief period of destabilisation, self-justification and the occasional mea culpa, the very people and institutions that plunged the world into crisis have re-emerged unscathed, as the fount of truth and all reasonable policy.