The purpose of this blog is to provide analytical commentary on formal and informal labour organisations and their attempts to resist ever more brutal forms of exploitation in today’s neo-liberal, global capitalism.

Showing posts with label economic crisis. Show all posts
Showing posts with label economic crisis. Show all posts

Monday, 6 April 2020

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?