Which way next?
The political left, which loses so many battles, is always tempted to think that it is about to win the war. When the global banking crisis occurred in 2008 there were plenty of fevered analysts on the left who concluded that a crisis in capitalism was bound to lead to a leftwards shift in politics. In fact, a decade in which wage growth has been absent for the average worker has led to a populist reaction that is hard to locate on the usual left/right axis. Could it be different this time?Read article »