Joschka Fischer has suggests that ten years after the end of the Cold War, a renewed debate about the meaning of “left” policies, is “important, and overdue“.

He’s right. The victory of Ronald Coase over Karl Marx (in battle not very m any people ever identified as such) has only grudgingly accepted by many whom I would classify in the loony left and left them with nothing but structural conservatism defending redistributive systems mostly benefiting people who don’t actually need them. Fischer’s right – the classic continental left has become increasingly unsexy, in the economic as well as in any possible postmodern sense of the term.