Slavoj Žižek

Khrushchev’s speech in 1956 denouncing Stalin’s crimes was a political act from which, as his biographer William Taubman put it, ‘the Soviet regime never fully recovered, and neither did he.’ Although it was plainly opportunistic, there was just as plainly more to it than that, a kind of reckless excess that cannot be accounted for in terms of political strategy. The speech so undermined the dogma of infallible leadership that the entire nomenklatura sank into temporary paralysis. A dozen or so delegates collapsed during the speech, and had to be carried out and given medical help; one of them, Boleslaw Bierut, the hardline general secretary of the Polish Communist Party, died of a heart attack. The model Stalinist writer Alexander Fadeyev actually shot himself a few days later.

It is commonplace, 20 years after the fall of the Berlin Wall, to hear the events of that time described as miraculous, a dream come true, something one couldn’t have imagined even a couple of months beforehand. Free elections in Poland with Lech Walesa as president: who would have thought it possible? But an even greater miracle took place only a couple of years later: free democratic...

Is there a link between Ahmadinejad and Berlusconi? Isn’t it preposterous even to compare Ahmadinejad with a democratically elected Western leader? Unfortunately, it isn’t: the two are part of the same global process . . . The virus of authoritarian capitalism is slowly but surely spreading around the globe.

Noam Chomsky called for people to vote for Obama ‘without illusions’. I fully share Chomsky’s doubts about the real consequences of Obama’s victory: from a pragmatic perspective, it is quite possible that Obama will make only some minor improvements, turning out to be ‘Bush with a human face’. He will pursue the same basic policies in a more attractive way and thus effectively strengthen the US hegemony, damaged by the catastrophe of the Bush years.

One of the most striking things about the reaction to the current financial meltdown is that, as one of the participants put it: ‘No one really knows what to do.’ The reason is that expectations are part of the game: how the market reacts to a particular intervention depends not only on how much bankers and traders trust the interventions, but even more on how much they think others will trust them.