Socialism

For over forty years, David Harvey has been one of the world's most trenchant and critical analysts of capitalist development. In The Enigma of Capital, he delivers an impassioned account of how unchecked neoliberalism produced the system-wide crisis that now engulfs the world.

Beginning in the 1970s, profitability pressures led the capitalist class in advanced countries to shift away from investment in industrial production at home toward the higher returns that financial products promised. Accompanying this was a shift towards privatization, an absolute decline in the bargaining power of labor, and the dispersion of production throughout the developing world. The decades-long and ongoing decline in wages that accompanied this turn produced a dilemma: how can goods--especially real estate--sell at the same rate as before if workers are making less in relative terms? The answer was a huge expansion of credit that fueled the explosive growth of both the financial industry and the real estate market. When one key market collapsed--real estate--the other one did as well, and social devastation resulted.

Harvey places today's crisis in the broadest possible context: the historical development of global capitalism itself from the industrial era onward. Moving deftly between this history and the unfolding of the current crisis, he concentrates on how such crises both devastate workers and create openings for challenging the system's legitimacy. The battle now will be between the still-powerful forces that want to reconstitute the system of yesterday and those that want to replace it with one that prizes social justice and economic equality. The new afterword focuses on the continuing impact of the crisis and the response to it in 2010.

Selection includes "The Portrait of Mr W.H.", Wilde's defence of Dorian Gray, reviews, and the writings from "Intentions" (1891): "The Decay of Lying", "Pen, Pencil, Poison", and "The Critic as Artist". Wilde is familiar to us as the ironic critic behind the social comedies, as the creator of the beautiful and doomed Dorian Gray, as the flamboyant aesthete and the demonised homosexual. This volume presents us with a different Wilde. Wilde emerges here as a deep and serious reader of literature and philosophy, and an eloquent and original thinker about society and art.

Analysis of the role of ideology in political movements.

Ernesto Laclau is best known for co-authoring Hegemony and Socialist Strategy, with Chantal Mouffe. Politically active in the social and student movements of the 1960s, and a member of PSIN (Socialist Party of the National Left), Laclau's oeuvre links the working class and new social movements. Rejecting Marxist economic determinism and the notion of class struggle, Laclau instead urged for a radical democracy where antagonisms could be expressed. Frequently described as post-Marxist, Laclau's writings have focused on political movements. Politics and Ideology in Marxist Theory was Laclau's first published work, where readers can trace the early formation of ideas that shaped the twentieth century.

Poet, pattern-designer, environmentalist and maker of fine books, William Morris (1834 96) was also a committed socialist and visionary writer, obsessively concerned with the struggle to achieve a perfect society on earth. News From Nowhere, one of the most significant English works on the theme of utopia, is the tale of William Guest, a Victorian who wakes one morning to find himself in the year 2102 and discovers a society that has changed beyond recognition into a pastoral paradise, in which all people live in blissful equality and contentment. A socialist masterpiece, News From Nowhere is a vision of a future free from capitalism, isolation and industrialisation. This volume also contains a wide selection of Morris's writings, lectures, journalism and letters, which expand upon the key themes of News From Nowhere.