Nicos Poulantzas: Capitalism in the next decade

I wrote a series of generally admiring posts about the work of Nicos Poulantzas (here, in declining order of relevance).

I was reading this evening an outstanding recent summary of his work by David Sessions.

Nicos Poulantzas

Generally I'm a huge fan.

Poulantzas tried to break out of the simplistic stereotypes of both the Stalinists and the Trotskyists concerning the nature of the capitalist state and its role in mediating and enforcing capitalist class dynamics.

Poulantzas's great problem, the issue that destroyed his theoretical position, was that he wanted an accurate analysis of contemporary capitalism which also predicted transition to socialism (the supercession of capitalist relations of production) as a reachable goal.

All his analysis kept trying to tell him this wasn't on the cards. It simply wasn't possible.

What does the future hold if not a transition to socialism?

The central political problems 'we' face today: the breakdown of consensus politics, the rise of 'populism', leftist hysteria - these symptoms are all rooted in the obsolescence of the neoliberal phase of capitalism. Neoliberalism has created a gulf between the super-elite beneficiaries of a financialised, globalised capitalism and vast swathes of the proletariat and petit-bourgeoisie (old and new - Poulantzas emphasised the distinction) which has not shared in this largesse, which correctly feels abandoned, disrespected, atomised, alienated and futureless.

The problem has been accentuated by 'elite overproduction': the flow of c. 40% of the population through the universities, which has created a febrile petit-bourgeois mass which has internalised neoliberal ideologies and then naively tried to realise them in actuality.

This is the genesis of the SJW, equal-outcome, blank-slate-believing mass movements which self-define as 'left' but which are thoroughly bourgeois-liberal. They have captured the traditional labour parties of the left.

I expect a new capitalist synthesis to arise out of all this turmoil over the next decade. The shape is hard to discern but it will be whatever serves to restore class cohesion - that's the stability point.

Probably a little more socially conservative, a little more redistributive. Only time will tell. The process won't be pretty: I agree with Peter Turchin about that.

It's worth watching the project of Dominic Cummings and Boris Johnson in the new UK Government. That's exactly the project they're trying to define.

I expect the Brexit project now to go through, because there's a gathering consensus in the more strategic and hard-headed section of the British political elite that Britain's future is best assured by a strategic alliance with the US rather than being semi-locked-in to a disunited Europe, a power both politically and militarily weak.

In the past there has been the famous 'bridge' or 'straddling' policy, which saw the UK acting as a 'value-adding' middleman between the US and Europe. But in an increasingly multipolar political world resulting from the decay of the naive neoliberal globalisation project and catalysed by the rise of China and an incipent global recession, the UK finally, has to choose sides.

I think the Johnson government understands that, while the Remainers, locked into crumbling, sterile visions of the past, do not.

Such a shame that Nico Poulantzas is no longer with us. I wish I knew what he would have thought.