The Left fell into the trap of welfarism once it abandoned its ambition to drive social progress by intervening in the workplace. Having forgotten what makes production tick, social democratic parties ended up as the parties of pensioners. Redistribution is essential in any civilised society, but a society stuck in a welfarist mindset won’t stay civilised for long.
Then there’s labourism. As William Morris so eloquently warned, the celebration of mind-numbing work as virtuous is stultifying and misguided. Industrial robots and cloud capital, once wrested from the tech lords, must be the Left’s tools for liberating labour from labourism and for steering the masses toward creative, artisanal work that not only satisfies the soul but also produces high-quality stuff.
Green Keynesianism is theoretically splendid but severely circumscribed in practice. As Michal Kalecki predicted decades ago, even if the ruling classes permit the state to boost their aggregate profits through public investments in socially necessary projects like green energy, their dominant strategy is to take advantage of public monies but end Keynesian policies well before the majority benefit from them.
Accelerationism can also be useful in the right context but is a disaster when applied unthinkingly. The idea that, if things get much worse, the majority will come to their senses and rise up to protect their interests, is as deluded as the tech lords’ conviction that we shall all become happy and glorious if their AI-driven cloud capital takes over the planet tomorrow. Preventing the deterioration of society’s circumstances through redistribution and Keynesian policies in the short run is essential as long as the Left does not fall into the trap of seeing welfarism and Keynesianism as permanent solutions.
But perhaps our worst sin has been that which we rose up to defeat but ended up embracing with grim gusto: authoritarianism . . . "
https://www.yanisvaroufakis.eu/2026/01/03/the-left-must-embrace-freedom-notions-of-fairness-and-equality-wont-cut-it-unherd-op-ed/