"Renewing Socialism examines the failures of socialism in the twentieth century and explores the nature of global capitalism, offering a vision of a reinvigorated socialism to ambitiously counter the current debilitating pessimism." "While democracy and equality remain the goals of socialism, new conditions require imaginative new strategies. Panitch stresses the need for re-founding, reorganizing and re-democratizing labour movements and calls for a change of focus from the accumulation of capital to the accumulation of capacities: political, economic, social, environmental and human."--Jacket.