By now, the fact that transatlantic democratic capitalism, once the engine of postwar prosperity, has run into trouble can hardly be denied by anyone with the courage to browse a daily newspaper. Hunger, homelessness, toxic chemicals in the water supply, the lack of affordable housing: all these issues are back on the agenda, even in the most prosperous of countries. This appalling decline in living standards was some time in the making – 40 years of neoliberal policies are finally taking their toll – so it shouldn't come as a shock. However, coupled with the spillover effects of wars in the Middle East – first the refugees, now the increasingly regular terrorist attacks in the heart of Europe – our economic and political malaise looks much more ominous. It's hardly surprising that the insurgent populist forces, on both left and right, have such an easy time bashing the elites.