Capitalism: How the left lost the argument.
Noted philosopher Slavoj Žižek is international director of the Birkbeck Institute for the Humanities.
The main victim of the ongoing crisis is thus not capitalism, which appears to be evolving into an even more pervasive and pernicious form, but democracy — not to mention the left, whose inability to offer a viable global alternative has again been rendered visible to all. It was the left that was effectively caught with its pants down. It is almost as if this crisis were staged to demonstrate that the only solution to a failure of capitalism is more capitalism.