Milne takes up the neo-Fukuyaman and Badiou argument that there's a vacuum ready for the Left to fill - which is no mere fancy, but a political possibility of sorts. But his analysis of the demise of the New World Order is so fallacious, it does more to undermine than to undergird the rise of the Left.
The strategic defeat of neoliberal capitalism lies in the USA's failure to countenance the possibility that folk might fight back against the war on terror, and in Iraq and in Afghanistan; (as well as in the West's stellar work in discrediting its own self-professed guardianship of human rights as a direct consequence of its leading role in killing, torturing and kidnapping during these wars).
Curious. In a preceding paragraph, Milne references the fall of Communism as presaging a new world order in which "political controversy would now be confined to culture wars". It's a rephrasing of Fukuyama's end of history thesis. The protest against the USA's wars are fully and precisely aligned with this thesis of twenty and more years ago, not merely because Fukuyama pointed it out to us but because the dominant discourse of post-colonialism and post-Communism is one of rivalling cultures and nationhoods. For the USA and its henchmen to fail to anticipate the fight-back against its wars - which were a war of Western culture against those of the Middle East specifically - suggests the White House was lacking the most basic analytical insights or it is a function of its utter arrogance that it should disbelieve the potential for articulated opposition against dominant Western culture and labour under the false impression that it is the irrefutable behemoth of a unipolar world.
The 2008 banking and economic crisis has unleashed a wider crisis of the Western-dominated capitalist order.
Yet, everywhere, the capitalist order is being saved again and again by the governments of Europe: aid goes directly to banks, while austerity measures disable the life of the average citizen. The people must live within their means, the capitalist elite ought definitely not.
Capitalism has been saved by the "greatest state intervention in history".
Yes. And no. Capitalism is involved in the most grubby mutual back-rubbing relationship with political power - it is those ties that save the capitalist order. For the power that saves to be characterised in terms of state intervention implies an unlikely socialist knight in shining armour coming to the rescue of the bankers. For one thing, state intervention is not the sole purview of socialism, just as laissez-faire is a reduction ad absurdum of Adam Smith's economic thesis. For another, Milne has set out the fate of Communism in his opening gambit - so whence the sudden socialist resurgence? Must we believe that it has been lying low, a network of underground operatives and cadres hunched over, reciting their Das Kapital as religious liturgy, and rubbing their hands in glee at the great joke they've played on everyone since the fall of Communism? It's all too implausible, and all too embedded in lazy narratives that are too fond of false dichotomies: all hail capitalism until it hits a low, and well, then, here comes socialism to fill the vacuum that our lazy imaginations cannot be bothered to try and analyse with any degree of thoughtfulness.
The rise of China is an epoch-making change: a nail in the coffin of capitalism's new world order
Yes, agreed. But, shocking as it may be, Chinas has not risen like a phoenix out of the ashes of destroyed capitalism. Her growth is underscored by a long-term strategy of state-driven investment in Africa, the Pacific and elsewhere that has been operating since before we were treated to Fukuyama's treatise that history-making had come to an end. To validate China's growth into a position of world power solely in terms of its juxtaposition to a declining West is so contemptibly Euro-centric: we refused to engage analytically or discursively with China's frankly unique application of Communism and its implications for world change and economics, instead weaving our narrative along folkloric lines of Communist oppression and terror, which is not for one moment to defend or mitigate the consorship, the mistreatment and false imprisonment of dissidents or the heartbreaking injustice and sadness of 1989's Tiananmen massacre.
The strategic defeat of neoliberal capitalism lies in the USA's failure to countenance the possibility that folk might fight back against the war on terror, and in Iraq and in Afghanistan; (as well as in the West's stellar work in discrediting its own self-professed guardianship of human rights as a direct consequence of its leading role in killing, torturing and kidnapping during these wars).
Curious. In a preceding paragraph, Milne references the fall of Communism as presaging a new world order in which "political controversy would now be confined to culture wars". It's a rephrasing of Fukuyama's end of history thesis. The protest against the USA's wars are fully and precisely aligned with this thesis of twenty and more years ago, not merely because Fukuyama pointed it out to us but because the dominant discourse of post-colonialism and post-Communism is one of rivalling cultures and nationhoods. For the USA and its henchmen to fail to anticipate the fight-back against its wars - which were a war of Western culture against those of the Middle East specifically - suggests the White House was lacking the most basic analytical insights or it is a function of its utter arrogance that it should disbelieve the potential for articulated opposition against dominant Western culture and labour under the false impression that it is the irrefutable behemoth of a unipolar world.
The 2008 banking and economic crisis has unleashed a wider crisis of the Western-dominated capitalist order.
Yet, everywhere, the capitalist order is being saved again and again by the governments of Europe: aid goes directly to banks, while austerity measures disable the life of the average citizen. The people must live within their means, the capitalist elite ought definitely not.
Capitalism has been saved by the "greatest state intervention in history".
Yes. And no. Capitalism is involved in the most grubby mutual back-rubbing relationship with political power - it is those ties that save the capitalist order. For the power that saves to be characterised in terms of state intervention implies an unlikely socialist knight in shining armour coming to the rescue of the bankers. For one thing, state intervention is not the sole purview of socialism, just as laissez-faire is a reduction ad absurdum of Adam Smith's economic thesis. For another, Milne has set out the fate of Communism in his opening gambit - so whence the sudden socialist resurgence? Must we believe that it has been lying low, a network of underground operatives and cadres hunched over, reciting their Das Kapital as religious liturgy, and rubbing their hands in glee at the great joke they've played on everyone since the fall of Communism? It's all too implausible, and all too embedded in lazy narratives that are too fond of false dichotomies: all hail capitalism until it hits a low, and well, then, here comes socialism to fill the vacuum that our lazy imaginations cannot be bothered to try and analyse with any degree of thoughtfulness.
The rise of China is an epoch-making change: a nail in the coffin of capitalism's new world order
Yes, agreed. But, shocking as it may be, Chinas has not risen like a phoenix out of the ashes of destroyed capitalism. Her growth is underscored by a long-term strategy of state-driven investment in Africa, the Pacific and elsewhere that has been operating since before we were treated to Fukuyama's treatise that history-making had come to an end. To validate China's growth into a position of world power solely in terms of its juxtaposition to a declining West is so contemptibly Euro-centric: we refused to engage analytically or discursively with China's frankly unique application of Communism and its implications for world change and economics, instead weaving our narrative along folkloric lines of Communist oppression and terror, which is not for one moment to defend or mitigate the consorship, the mistreatment and false imprisonment of dissidents or the heartbreaking injustice and sadness of 1989's Tiananmen massacre.