Keynes, convinced of the power of ideas over that of “vested interests”, famously held that “Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back.” Now there’s little doubt that the social life of ideas helps explain the astonishing persistence of ‘Thatcherism’.
2011 witnessed the implementation of some of the most comprehensive undemocratic structural changes in the EU since the Lisbon Treaty. Alternative proposals for a progressive exit from the euro crisis are laid out here.
Neoliberal market capitalism has dragged the world into a crisis which threatens human civilisation. Climate destruction, resource wars, and the replacement of democracy by an oligarchy face us if we don't act now to reduce the burden we place on our planet and reorganise society on a more egalitarian basis.