End of the Capitalist World-Economy

*Global is the key to understanding the situation. The crisis is global precisely because it is part of the structural crisis of the Capitalist World-Economy of the Modern World-System. The perception that "globalisation" is a new phenomenon changing our lives today is an utter myth. The perception that "modern" means from the moment we started flying around in planes or electronically communicating is a myth. The system we are living in came into being in the Sixteenth Century with the European discovery of the Americas. "Globalisation" has little meaning for one who comprehends the historical social origins of the Modern World-System.
*the Kondratieff Cycle is indeed true for the entire planet. Wallerstein's Kondratieff Cycle of the Capitalist World-Economy charts the World-Economy from 1945 to the present day. The A-Phase represented the ascendant phase of European recovery after the Second World War, when developmentalist ideas were credible and there was an overall rapid global technological advancement. The B-Phase represents the current downward plunge, which today has manifested itself in bursting of "bubbles"
*What we have here is a technological industrial phenomenon. Within the logic of the axial division of labour, it is inevitable that the core-like process must eternally evolve. Microcomputer evolution still probably represents the most powerful core-like production process, but a new venture will restore the Core Zone to its outrageous level of luxury; quasi-monopolised synthetic biology being the most likely candidate.
*the Capitalist World-Economy will eventually perish by its own internal faults
*Today, the whole world has become wired into one massive production process.
*We live in a world where a single product embodies parts and invested labour geographically separated by thousands of miles. With a production process global in scope, you cannot seek out new lands and untouched peoples to exploit. This goes against the capitalistic function, which insists on endless accumulation, and results in severe economic recession once the World-Economy requires more "worlds" and Peripheral peoples to exploit. How would the European World-Economy of the Sixteenth Century have fared, had the Americas not existed? What if Europe's limits had proven to be the edge of the world and there was nothing left to exploit? In the bluntest terms, this is the situation the Capitalist World-Economy is faced with right now. We have reached the edge of the world. Any system based on endless accumulation is doomed from the beginning because the world is not endless.
*The Capitalist World-Economy is already in its death throes, and the World-System's bifurcation is imminent
*Bifurcation is to set the board between the oppressors and the oppressed; between two potential successor world-systems: a neo-feudal hierarchic order or a substantively rational world? There will be no substantive middle ground in the 21st Century.

More detail at: http://baseofliterature.blogspot.com/2011/01/end-of-capitalist-world-economy....

Category:

Education

Tags:

• yt:stretch=16:9
• yt:quality=high
• global financial crisis
• boom and bust
• depression
• kondratieff wave
• kondratiev wave
• kondratieff cycle
• kondratiev cycle
• globalisation
• globalization
• capitalist world-economy
• capitalism
• profit
• endless
• accumulation
• Wallerstein
• World-System
• World-Systems Theory
• analysis
• global economy
• financial crisis
• collapse of US dollar
• US
• Dollar
• collapse

[Melehete]

I am very happy to see the vidoe after you give this The crisis is global precisely because it is part of the structural crisis of the Capitalist World-Economy of the Modern World-System

[anakmudajaman]

I Love The Video It Can Increase My Knowledge The crisis is global precisely because it is part of the structural crisis of the Capitalist World-Economy of the Modern World-System

[bebeheuy]

Steady I Really Like This Video a neo-feudal hierarchic order or a substantively rational world? There will be no substantive middle ground in the 21st Century.

[Mjhond]

Good, I like that you share this video, I wish success always Global is the key to understanding the situation. The crisis is global precisely because it is part of the structural crisis of the Capitalist World-Economy of the Modern World-System

[AntoMelta]

Nice Video Global is the key to understanding the situation. The crisis is global precisely because it is part of the structural crisis of the Capitalist World-Economy of the Modern World-System That You Share , So Very Nice Thanks You

[willamricard]

I Really Like The Video From Your Global is the key to understanding the situation. The crisis is global precisely because it is part of the structural crisis of the Capitalist World-Economy of the Modern World-System

[imegatrone]

Your Video Is Very Useful Sharing The crisis is global precisely because it is part of the structural crisis of the Capitalist World-Economy of the Modern World-System.

[TerribleFan]

Excellent information, I will refer others to it. :)

[Widetotem]

/watch?v=f8RsO1iKNAE

Spread the word, together we can make a difference!