It is (always) the political economy, stupid!

In the midst of a continuing economic crisis, the centres of global capitalism remain preoccupied with much that is predictable, if somewhat depressingly familiar: economies in crisis; unsustainable levels of national indebtedness; high and/or growing levels of unemployment; failures of the state; dangers of big government; austerity measures and programmes; popular protests, and so on. Readers of the Review of African Political Economy (ROAPE) would be forgiven for thinking that this was Africa in the 1980s and 1990s, rather than Europe in 2010. Reflecting on the spread of neoliberalism, Susan George has observed how: