(Image: Jared Rodriguez / Truthout)We are witnessing transitions from social-welfare states to social-control states around the world. We are facing a global crisis that is unprecedented, given its magnitude, its global reach, the extent of ecological degradation and social deterioration, and the sheer scale of the means of violence. We truly face a crisis of humanity; we have entered a period of great upheavals, of momentous changes and uncertainties. This systemwide crisis is distinct from earlier such episodes of world crisis in the 1930s or the 1970s precisely because world capitalism is fundamentally different in the early 21st century.
Among the qualitative shifts that have taken place in the capitalist system in the face of globalization in recent decades, there are four I want to underscore. First is the rise of truly transnational capital and the integration of every country into a new globalized production and financial system. Second is the appearance of a new transnational capitalist class (TCC).
Sent by gReader Pro