This article is part of a series by openDemocracy and the Bretton Woods Project on the crisis of multilateralism. The views expressed are those of the author's only, and are not necessarily representative of either organisation.
Antonio Gramsci could recognise an interregnum when he saw one; and he would certainly have little problem identifying “the great variety of morbid symptoms” that have emerged since the Global Financial Crisis. Over the last decade, as policy makers in rich and poor countries alike have clung to the hope of returning to the halcyon days of the “great moderation”, they have largely failed to address the persistent problems of increased economic polarisation, heightened social insecurity and globalized environmental breakdown.
