During this year’s protests against the Eurozone’s austerity measures—in Greece and, on a smaller scale, Ireland, Italy and Spain—two stories have imposed themselves.
The predominant, establishment story proposes a de-politicized naturalization of the crisis: the regulatory measures are presented not as decisions grounded in political choices, but as the imperatives of a neutral financial logic—if we want our economies to stabilize, we simply have to swallow the bitter pill. The other story, that of the protesting workers, students and pensioners, would see the austerity measures as yet another attempt by international financial capital to dismantle the last remainders of the welfare state. The imf thus appears from one perspective as a neutral agent of discipline and order, and from the other as the oppressive agent of global capital.
There is a moment of truth in both perspectives....Yet while each story contains a grain of truth, both are fundamentally false....the protesters’ story bears witness yet again to the misery of today’s left: there is no positive programmatic content to its demands, just a generalized refusal to compromise the existing welfare state. The utopia here is not a radical change of the system, but the idea that one can maintain a welfare state within the system. Here, again, one should not miss the grain of truth in the countervailing argument: if we remain within the confines of the global capitalist system, then measures to wring further sums from workers, students and pensioners are, effectively, necessary.
One often hears that the true message of the Eurozone crisis is that not only the Euro, but the project of the united Europe itself is dead. But before endorsing this general statement, one should add a Leninist twist to it: Europe is dead—ok, but which Europe? The answer is: the post-political Europe of accommodation to the world market, the Europe which was repeatedly rejected at referendums, the Brussels technocratic expert Europe. The Europe that presents itself as standing for cold European reason against Greek passion and corruption, for mathematics against pathetics. But, utopian as it may appear, the space is still open for another Europe: a re-politicized Europe, founded on a shared emancipatory project; the Europe that gave birth to ancient Greek democracy....