City of Albany, Estados Unidos
De-industrialization in the West, and the concomitant decline of trade unions in manufacturing, has led social democratic parties to jettison their traditional constituencies and join conservatives in dismantling the welfare state.
The declining significance of manufacturing in the hierarchy of profit-making activities has led to the greater salience of finance and speculation.
This has vastly increased inequalities in income and wealth across the globe and the first gauge of elections in Europe has been the reaction of markets to the results.
The consensus among social democratic and conservative parties has meant that there has been little to choose among them, and the rise of new social movements like the indignados and the Occupy movements are an attempt to create a new alternative.
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