DAVIDE GALLO LASSERE
A CROSS-SECTION OF EUROPE
No doubt that this, our crisis, is generated outside European borders. Hence, it is only by placing it within the proper historical and geographical coordinates that we can grasp its true extent. It appears equally clear that it is the European Union where the decades-long crisis of global capitalism has now reached its unparalleled peak. Ergo: the crisis that is tearing the old continent apart reveals the general problematic of the current phase of neo-capitalism.
The Neck of The Goose That Laid the Golden Eggs
The current regime of accumulation driven by finance is unsustainable. It represents the desperate attempt of the systemic cycle of accumulation driven by the hegemony of the U.S. to extend its declining fortune. After the gradual exhaustion of the Fordist model of regulation, we are in fact witnessing the financial restart of the economy in the hope of recovering the profit rates eroded by the intensity and the extent of the struggles of the ‘60s and ‘70s. Such an attempt is (also) brought forward through the distorted metabolization of some instances at the core of the protest movements; however, nowadays, this does not matter. What matters the most is how this combination of countermoves has led to a radical transformation of classical liberal democracies – which appear, at any rate, unable to provide a safe haven to the needs of unlimited expansion of capital itself. This disturbing configuration manifests itself in the European Union through the paradoxical features of the historical deadlock where everything degenerates continuously so that nothing can really changes.