The most global and perhaps deepest capitalist crisis ever is likely to bring significant changes to the way the system operates. Will this mean though a qualitative change in the economic policy of the ruling classes? After roughly 40 years of neoliberalism, are we witnessing the demise of this policy framework and a return to more Keynesian-like or other kind of state interventionist policies? Or will the neoliberal framework adapt in order to accommodate, in some countries more than in others, for increased forms of state intervention and perhaps also a more authoritarian political model? These are key questions that socialists worldwide need to grapple with
The “neoliberalism debate” was the first major debate inside the ISA and it started in May 2020. It was not the first time that differences emerged in the ISA, but it was the first time the differences became open to the whole membership. Differences had already been raised and expressed in the course of the founding Congress of the ISA in January 2020. We will return to these with new posts later on
