[Marxism] Reading Richard Seymour in the Age of Austerity » CounterPunch: Tells the Facts, Names the Names

Louis Proyect lnp3 at panix.com
Fri Apr 11 05:34:48 MDT 2014

Dating back to the overthrow of Salvador Allende, financial austerity 
has been the watchword of the capitalist class. Frederick Hayek 
supplanted John Maynard Keynes in the ideological driver’s seat, as the 
free market became sacrosanct. Adding to the neoliberal momentum, the 
collapse of the Soviet Union caused Karl Marx to lose his official 
status for a third of mankind. Despite the hiccup of interest in Karl 
Marx following the 2007 financial meltdown and rueful reflections by 
Francis Fukuyama that it might not be the end of history after all, the 
mantra of balanced budgets and eliminating “waste” was taken up by 
politicians and pundits alike. To paraphrase W.H. Auden, we seem to be 
living through an Age of Austerity.


More information about the Marxism mailing list