The Old Is Dying and the New Cannot Be Born

Across the globe politics as usual are being rejected and faith in neoliberalism is fracturing beyond repair. Leading political theorist Nancy Fraser, in conversation with Jacobin publisher Bhaskar Sunkara, dissects neoliberalism’s current crisis and argues that we might wrest new futures from its ruins.

The global political, ecological, economic, and social breakdown—symbolized, but not caused, by Trump’s election—has destroyed faith that neoliberal capitalism is beneficial to the majority. Fraser explores how this faith was built through the late twentieth century by balancing two central tenets: recognition (who deserves rights) and distribution (who deserves income). When these began to fray, new forms of outsider populist politics emerged on the left and the right. These, Fraser argues, are symptoms of the larger crisis of hegemony for neoliberalism, a moment when, as Gramsci had it, “the old is dying and the new cannot be born.”

Explored further in an accompanying interview with Jacobin publisher Bhaskar Sunkara, Fraser argues that we now have the opportunity to build progressive populism into an emancipatory social force, one that can claim a new hegemony.

Author Biography

Nancy Fraser is Loeb Professor of Philosophy and Politics at the New School for Social Research, Einstein Fellow of the city of Berlin, and holder of the “Global Justice” Chair at the Collège d’études mondiales in Paris. Her books include Redistribution or Recognition; Adding Insult to Injury; Scales of Justice; Justice Interruptus; and Unruly Practices.

Bhaskar Sunkara is the founding editor and publisher of Jacobin magazine.