In short, more than a viral pandemic, a global capitalist crash and climate change weigh on world trade and investment. So too does the question of whether globalized capitalism produced so many victims and critics that it cannot survive no matter how it might be reconfigured. If so, will the consequent transition hold on to capitalism but drop “globalization” to become instead a tense, dangerous world of contending nationalist capitalisms? Or, alternatively, will we see a transition to a post-capitalist global system of quite differently organized enterprises, political institutions (including nation-states), and movements of productive resources and products across its geography?Revolutionary possibilities loom.
Source: Revolutionary Possibilities: Could U.S. Capitalism Turn Nationalist? – CounterPunch.org
