The University and the Secular Crisis

The economic crisis of 2008 was followed by a persistent recession, with low levels of growth, weak aggregate demand and high levels of underemployment or unemployment. For several recent authors this forced an engagement with the idea that the global economy is witnessing a secular stagnation or crisis. This article is situated against the changing landscape of English HE and seeks to understand the implications of the secular crisis on that sector and on the idea of the University. It examines how responses to the secular crisis have amplified the twin forces of marketisation and financialisation that are reconstituting the higher education sector for the production, circulation and accumulation of value. It then places this analysis inside the political economic realities of there is no alternative to the logic of choice and competition. The argument is then made that as this cultural turn affects the idea of what the University is for, both historically and materially, academics and students need to consider the potential for developing post-capitalist alternatives. The central point is that by developing a critique of the restructuring of higher education and of the idea of the University through political economy, alternative forms of knowing and developing socially-useful practices can emerge.