Taking Off the Straitjacket and Running the Asylum

Spectators watch as escape artist Harry Houdini frees himself from a straightjacket while he hangs from a hook above a subway. Bettmann / Getty.


More than any Marxist tract could ever do, the 2008 crisis taught the world how capitalism subjugates human life to the forces of money.

The global economy has returned to sustained growth, yet the social and psychic scars refuse to disappear. Economically, the effects have been permanent: thanks to the crash, American households born in the 1970s now hold 40 percent less wealth than those in the same age bracket held thirty years ago. And the politics of the intervening decade have continued to reverberate with the last words of Mohamed Bouazizi, the Tunisian street vendor whose self-immolation fifteen months after Lehman’s collapse sparked the Arab Spring: How do you expect me to make a living!

A red thread linked that earthquake to a series of subsequent unmoorings, from Occupy (“We are the 99%!”) to the Greek Oxi (“No!”), to the Jeremy Corbyn insurgency (“For the Many, Not the Few”). Yet the political supremacy of capital remains stubbornly intact.

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