This is a crisis of regulation (ala Aglietta). A new mode of
regulation. for sustaining the extended reproduction of Capital is one
possible consequence. Obviously, there are others but I personally
doubt we will see the end of the capitalism (as a political economy).
Wallerstein has been predicting the "end" for too long to be taken
seriously. If you are always predicting the "end," sometimes it will
appear as though you are correct.
Concentrated and directed pressure towards what????
Jim Devine wrote:
ken hanly wrote:
The new system will be the results of an infinity of individual pressures.
What sort of nonsense is that. I do not see any evidence that the present
crisis is leading to a new system that is not capitalist. At most it will lead
to some changes in existing capitalism involving regulation of financial
markets globally if possible and more government involvement as a means of
bailing out or hospitalizing ailing parts of the system until they recover and
handed back to private profiteers.
There certainly seems no difference in the US political system. Everything is
framed in terms of the two capitalist parties and the same illusions are sold
about change and the same bipartisan imperialist foreign policy espoused by both
parties.<
Right. Instead of an "an infinity of individual pressures," what's
needed is concentrated collective pressure.
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