The world capitalist system is arguably experiencing the
worst crisis in its 500 year history. World capitalism has experienced a
profound restructuring through globalisation over the past few decades
and has been transformed in ways that make it fundamentally distinct
from its earlier incarnations. Similarly, the current crisis exhibits
features that set it apart from earlier crises of the system and raise
the stakes for humanity.
worst crisis in its 500 year history. World capitalism has experienced a
profound restructuring through globalisation over the past few decades
and has been transformed in ways that make it fundamentally distinct
from its earlier incarnations. Similarly, the current crisis exhibits
features that set it apart from earlier crises of the system and raise
the stakes for humanity.
If we are to avert disastrous outcomes we must understand both
the nature of the new global capitalism and the nature of its crisis.
Analysis of capitalist globalisation provides a template for probing a
wide range of social, political, cultural and ideological processes in
this 21st century. Following Marx, we want to focus on the internal
dynamics of capitalism to understand crisis. And following the global
capitalism perspective, we want to see how capitalism has qualitatively
evolved in recent decades.
