We can't go on like this

by Serge Halimi | Le Monde Diplomatique | Click HERE to read article

It’s five years since the collapse of Lehman Brothers, on 15 September 2008. Since then, the legitimacy of capitalism as a way of organising society has been undermined; its promises of prosperity, social mobility and democracy have lost credibility. But there has been no radical change. The system has repeatedly come under fire, but it has survived. Part of the price for capitalism’s failures has been the end of some social advances previously wrested from it. . . But the system is still holding up, even if it is on autopilot, and that is not to the credit of its opponents. What has happened? What can be done about it?