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Share: Image: French President François Mitterrand (second from right), leader of the French socialist party, with Margaret Thatcher, Ronald Reagan, and Helmut Schmidt at the Versailles G7 Summit of 1982.
Leaders of the left abandoned the language of transformation in the 1980s at a cost. Can it be regained?
Editors’ Note: This is an adapted chapter from a forthcoming book, Market Economies, Market Societies: Interviews and Essays on the Decline of Social Democracy
Some time in 1991 I was invited to give a talk to the Andalusian Confederation of the Spanish Socialist Workers’ Party (PSOE). Afterward, the secretary of the confederation walked me back to my hotel. I asked him why there was a widespread atmosphere of demoralization within the party.
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