Deep Restoration: from The Great Implosion to The Great Awakening

We are living in a time of exception. A time when the existing order is open to question. In this short essay, originally published by Globalizations, Barry Gills makes some initial reflections in response to the present ‘triple conjuncture’ of global crises. This triple conjuncture is an interaction among three spheres or vectors of global crises, together constituting a crisis of capitalist world order. The three spheres of the global crisis are: climate change and ecological breakdown; a systemic crisis of global capitalism and neoliberal economic globalization; and the current global pandemic of covid-19. The three spheres are deeply interrelated and now rapidly interacting. Their combined effects will bring radical systemic transformation. What do these crises represent? How do we understand the meaning and causes of this comprehensive global crisis?

Higher Education in the UK and its inability to respond to the crisis

As people are trying to come to terms with the pandemic of the coronavirus, we are told that we are all in the same boat. Higher Education in the UK is no exception in this respect. Messages by key university administrators attempt to instil a collective ‘we’ feeling in view of the challenges ahead. And yet, while staff work extra hours up and down the country to facilitate the shift to online teaching, leading universities have already started to lay off employees. It is the most vulnerable colleagues first, those on fixed-term, often zero hours contracts, who are told at short notice that their services are no longer required. How can we understand these, at first sight, contradictory tendencies?

Photo by Geoff  Whalan

Capitalism and its response to crises: Who pays?

The global economy is yet again under severe pressure. While it was the global financial market crisis, which shook the global economy to its core in 2007/2008, it is now the coronavirus, which has increasingly undermined capitalist accumulation. With countries forced to implement strong control measures, closing their borders and asking people to stay at home, the global economy based on production in global value chains is more and more under pressure. Job losses in the airlines industry are likely to be only the first signs of rising unemployment with the whole travel industry under immediate pressure. As in 2007/2008, governments are committed to investing large amounts of money in order to keep the economy afloat for the benefit of everyone, as they argue. Nevertheless, what can we learn from the experience of more than ten years ago?

Photo by Sergio Santos