Capitalism is not in a position to solve the social and ecological crisis that it is causing. An open-ended transformation of the system is inevitable, and a struggle for transformation will be waged – especially against the fascist threat. Conscious reflection on the systemic crisis is the best antidote to the conspiratorial crisis talk of the New Right.
Phase of collapse of US real economy (tags)
It is neither a “remake” of the 1929 crisis nor a repetition of the 1970s oil crises or 1987 stock market crisis. It is truly a global systemic crisis, that is to say a crisis affecting the entire planet and questioning the very foundations of the international system upon which the world was organised in the last decades.