We are told that this is a new world, with which old theories cannot cope. But the dynamic driving the current global transformation is not as new as our pundits and politicians pretend. The global market-place of our day may have little in common with the tamed welfare capitalism of the post-war period but it is uncannily reminiscent of the untamed capitalism of 100 years ago.
David Marquand addresses the crucial questions raised by the capitalist renaissance. What do the values of social solidarity and democratic citizenship mean todays? Granted that socialism is no longer with us, does it have anything to say from beyond the grave?
Where does the new medievalism of contemporary Europe fit in? How do the special peculiarities of the British state, the identity it embodies and the political economy over which it presides relate to those wider issues? What room for maneuver do they give the British left? These questions make up the agenda for "The New Reckoning.