Socialism After Capitalism
2026 Ellen Meiksins Wood Prize and Lecturer Bhaskar Sunkara spoke to Luke Savage at Toronto Metropolitan University about what a modern 21st century socialism should look like.
2026 Ellen Meiksins Wood Prize and Lecturer Bhaskar Sunkara spoke to Luke Savage at Toronto Metropolitan University about what a modern 21st century socialism should look like.

“I look forward to the day, when socialist governments and policy prevail across Canada, to say, ‘yes, it happened in our lifetime.'”

The politics of the centre are no match for the challenges that face humanity. We do, it seems, face a choice between socialism or barbarism.

The underlying dilemma of social democracy in the twenty-first century is that neoliberalism has failed while a coherent alternative has yet to be fully developed and embraced by most social democratic parties.

The Golden Age was marked by very strong economic growth and by close to full employment, resulting in steadily rising real wages and the expansion of the fiscal base needed to finance the growing welfare state.

By the inter-war period, social democracy had emerged in Canada as a more or less coherent ideological and political force.

Social democracy was not only about the welfare state and public services and expanding social rights, but also about regulated capitalism, economic democracy, or even transcendence of capitalism as an economic system.


