Between the Times

Privatized Keynesianism, Permanent Catastrophe, and the Task of an Economy of Social Production

Authors

  • Riccardo Bellofiore
  • Giovanna Vertova

DOI:

https://doi.org/10.14452/MR-078-03-2026-07_3

Keywords:

Stagnation, Capitalism, Economic Crisis, Political Economy

Abstract

"Old-style neoliberalism," write Riccardo Bellofiore and Giovanna Vertova "is dead, or at least gravely ill. The new paradigm that may replace it has not yet been born or is not yet recognizable. In the middle, between the times, lies what we have proposed to call the permanent catastrophe: a regime in which capitalist responses in catastrophic form have become the norm, in which crises are no longer overcome but accumulate."
Monthly Review Vol. 78 (2026–2027), No. 03 (July-August 2026)

Published

2026-07-02