The years since the onset of global recession, circa 2008, have led to an unprecedented rise
in discontent in societies around the world. Whether this be the Arab Spring of 2011 when
popular uprisings against authoritarian regimes cascaded across North Africa and the Middle
East, or the rise of left-wing, anti-capitalist and far-right movements in the developed 'north',
ranging from the Indignados in Spain, Syriza and the Golden Dawn in Greece, Le Front
National in France, student movements in Quebec, or the allegedly less articulate explosion of
rage characterizing the English Riots of 2011, it is clear that Fukuyama's thesis regarding the final
ascendency of liberal capitalism (and its puppet regimes in the developing world) was grossly
misplaced. In Badiou's (2012) terms we are witnessing 'the rebirth of history', where all bets
regarding the trajectories of local and global political economies are off.
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