“For those who fear Syriza and its left-wing counterparts, it is worth looking at the alternatives on the radical right. From Britain to Hungary, political parties—whose ideology spans the spectrum from the explicitly Nazi (the Golden Dawn in Greece) to the nationalist–populist (the United Kingdom Independence Party and the French National Front)—are busy working to channel public anger in a different direction. Harkening back to Europe’s darkest days, they translate negotiable conflicts over economic policy into non-negotiable conflicts over ethnic identity. They attack European integration even more than the left-wing parties, question the democratic rights of existing citizens, and fan the flames of xenophobia toward ethnic minorities and immigrants. If Europe’s ruling elites want to save the European project, and the Euro at the heart of it, they need to start actively engaging with democratic left-wing parties such as Syriza and Podemos rather than shunning them. If they don’t, they will drive some of these parties into volatile left–right alliances, or, if they fail in their mandates, leave the stage open to political forces whose goals will be far more radical than mere debt restructuring and opposition to austerity.”
Brown University economist, historian, and author of Austerity: The History of a Dangerous Idea.
founder of Mother Jones, economist, and lecturer in public policy at Harvard’s Kennedy School of Government.
translator of Thomas Piketty’s Capital and dozens of French books and watcher of European politics.