The Left is in the Streets

The riots in Greece may have many causes, but one that is rarely mentioned is the fracturing of the Greek left into George Papandreou’s traditional socialist party, PASOK, and an increasingly radicalized faction that refuses all accommodation with either the European Union or modern economics. To varying degrees, this divide is paralyzing Socialist parties across Europe.

PARIS – The riots that have rampaged across Greece may have many causes, but one that is rarely mentioned is the fracturing of the Greek left into George Papandreou’s traditional socialist party, PASOK, and an increasingly radicalized faction that refuses all accommodation with either the European Union or modern economics. To varying degrees, this divide is paralyzing Socialist parties across Europe.

That the traditional left is so inert in the midst of today’s economic crisis is more than strange.  Instead of thriving on renewed doubts about capitalism, Europe’s Socialist parties have failed to make any serious political inroads. In countries where they hold power, such as Spain, they are now very unpopular.

Where they are in opposition, as in France and Italy, they are in disarray – as are Germany’s Social Democrats, despite their being part of the ruling Grand Coalition. Even Sweden’s out-of-power Socialists, the country’s dominant party for a century, have failed to capitalize on the crisis. The United Kingdom may be the exception, though the pro-market Labour Party shaped by Tony Blair may not count as a party of the left anymore.

To continue reading, please log in or enter your email address.

Registration is quick and easy and requires only your email address. If you already have an account with us, please log in. Or subscribe now for unlimited access.

required

Log in

http://prosyn.org/ahBbiRI;
  1. Chris J Ratcliffe/Getty Images

    The Brexit Surrender

    European Union leaders meeting in Brussels have given the go-ahead to talks with Britain on post-Brexit trade relations. But, as European Council President Donald Tusk has said, the most difficult challenge – forging a workable deal that secures broad political support on both sides – still lies ahead.

  2. The Great US Tax Debate

    ROBERT J. BARRO vs. JASON FURMAN & LAWRENCE H. SUMMERS on the impact of the GOP tax  overhaul.


    • Congressional Republicans are finalizing a tax-reform package that will reshape the business environment by lowering the corporate-tax rate and overhauling deductions. 

    • But will the plan's far-reaching changes provide the boost to investment and growth that its backers promise?


    ROBERT J. BARRO | How US Corporate Tax Reform Will Boost Growth

    JASON FURMAN & LAWRENCE H. SUMMERS | Robert Barro's Tax Reform Advocacy: A Response

  3. Murdoch's Last Stand?

    Rupert Murdoch’s sale of 21st Century Fox’s entertainment assets to Disney for $66 billion may mark the end of the media mogul’s career, which will long be remembered for its corrosive effect on democratic discourse on both sides of the Atlantic. 

    From enabling the rise of Donald Trump to hacking the telephone of a murdered British schoolgirl, Murdoch’s media empire has staked its success on stoking populist rage.

  4. Bank of England Leon Neal/Getty Images

    The Dangerous Delusion of Price Stability

    Since the hyperinflation of the 1970s, which central banks were right to combat by whatever means necessary, maintaining positive but low inflation has become a monetary-policy obsession. But, because the world economy has changed dramatically since then, central bankers have started to miss the monetary-policy forest for the trees.

  5. Harvard’s Jeffrey Frankel Measures the GOP’s Tax Plan

    Jeffrey Frankel, a professor at Harvard University’s Kennedy School of Government and a former member of President Bill Clinton’s Council of Economic Advisers, outlines the five criteria he uses to judge the efficacy of tax reform efforts. And in his view, the US Republicans’ most recent offering fails miserably.

  6. A box containing viles of human embryonic Stem Cell cultures Sandy Huffaker/Getty Images

    The Holy Grail of Genetic Engineering

    CRISPR-Cas – a gene-editing technique that is far more precise and efficient than any that has come before it – is poised to change the world. But ensuring that those changes are positive – helping to fight tumors and mosquito-borne illnesses, for example – will require scientists to apply the utmost caution.

  7. The Year Ahead 2018

    The world’s leading thinkers and policymakers examine what’s come apart in the past year, and anticipate what will define the year ahead.

    Order now