Ingo Schmidt: The Downward March of Labour Halted? The Crisis of Neoliberal Capitalism and the Remaking of Working Classes

Neoliberalism survived the Great Recession 2008/9 thanks to generous infusions of Keynesian intervention. When the Euro-crisis broke out in 2010, it came back with a vengeance. At this point, neoliberals seem to be determined to finish the job Margaret Thatcher had begun over thirty years ago. Riots, protests, and strikes, it seems are nothing but attendant symptoms for a recharged neoliberalism rather than roadblocks. Are the actions by poor and marginalized peoples, unemployed youth and public sector workers just a last stand like those undertaken by blue-collar workers at the dawn of neoliberal rule? More

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