The
crisis consists precisely in the fact that the old is dying and the
new cannot be born; in this interregnum a great variety of morbid
symptoms appear. (Antonio Gramsci)
by
Jayati Ghosh
Part
1
We may be
living through one of those moments in history that future historians
will look back on as a watershed, a period of flux that marked a
transition to quite different economic and social arrangements.
Unfortunately,
in human history a ‘moment’ can be a very long time, so long that
it could be decades before the final shape of the new arrangements
are even evident; and in the interim, there could be many ‘dead cat
bounces’ of the current system.
What is
clear is that the established order – broadly defined as neoliberal
globalised finance capitalism – is no longer capable of delivering
on its promises of either growth or stability, even as it generates
more inequality and insecurity across the world.
In Marxist
terms (as befitting the 150th anniversary of Das Kapital), the
property relations under which production is organised have become
fetters on the development of productive forces themselves, and
generate more and more alienation. This may explain why, perhaps even
more significantly, the system is also losing legitimacy in most
countries, under attack from both right and left.
Whether we
look at straws in the wind or green shoots in the ground, there is no
doubt that there are incipient signs of change. But at this point
there are many directions in which such change could go, and not all
of them are progressive or even desirable.
That is why
it is important to get social and political traction for alternative
trajectories that focus on more equitable, just, democratic and
ecologically viable outcomes for most of humanity.
Source,
links:
https://www.nakedcapitalism.com/2017/08/after-neoliberalism-what-next.html
[2] [3] [4] [5] [6] [7] [8] [9]
[2] [3] [4] [5] [6] [7] [8] [9]
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