Global capitalism and twenty-first century fascism: a US case study

10 03 2012

By William I. Robinson and Mario Barrera

A crisis of humanity

The crisis of global capitalism is unprecedented, given its magnitude, its global reach, the extent of ecological degradation and social deterioration, and the scale of the means of violence. We truly face a crisis of humanity. The stakes have never been higher; our very survival is at risk. We have entered a period of great upheaval, of momentous changes and uncertainties, fraught with dangers, if also opportunities. Facing this crisis calls for an analysis of the capitalist system, which has undergone restructuring and transformation in recent decades. The current moment involves a qualitatively new transnational or global phase of world capitalism that can be traced back to the 1970s and is characterised by the rise of truly transnational capital and a transnational capitalist class (TCC). Transnational capital has been able to break free of the nation state constraints to accumulation of the previous epoch and, with it, to shift the correlation of class and social forces worldwide sharply in its favour and to undercut the strength of popular and working classes around the world in the wake of the global rebellions of the 1960s and 1970s. READ THE ARTICLE >>



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