If you’re a regular reader of opinion columns you have probably encountered this chestnut, or some variant of it, from the Italian neo-Marxist Antonio Gramsci: “The crisis consists precisely in the fact that the old is dying and the new cannot be born. In this interregnum there arises a great diversity of morbid phenomena.”

Gramsci wrote these words in jail, where he’d been put by Mussolini. They were not part of a fully fleshed out work and there has been a good deal of debate over precisely what he meant.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.