Socialism is back, much to the chagrin of those who declared it dead and buried at the end of history in the 1990s. When the New Republic, long the house organ of American neoliberalism, runs an article on The Socialism America Needs Now, its clear that something has fundamentally changed. The soft neoliberalism represented by Tony Blair, Bill Clinton and Paul Keating has exhausted its appeal, and not just in the English-speaking world.