There is no going back.
We are forty years into that phase of capitalism that those in economic and radical circles know as “neoliberalism.” Margaret Thatcher famously defined it as “There Is No Alternative.” No alternative, that is, to the free market, the free flow of capital.
In brief: the last forty years have seen a massive push by the capitalist classes of the world to privatize, deregulate, capitalize, deunionize, undemocratize. Many books have been written about this process, wherein the US working class has lost 20 per cent of its purchasing power, while union density has dropped from 28% to 12%; wherein the world is now, for the first time in history, more than 50 per cent proletarian; wherein all the old certainties about economics, politics and society are now dead. Consciousness lags behind the course of material changes, so perhaps we should not be surprised that so many, particularly of the older generation, view all of this as a loss of what was a golden age, and cling so doggedly to notions that are now simply a lost cause.