Episode Details

Professor William Robinson discusses the unprecedented systemic crisis of global capitalism which has brought about a global police state and global civil war. Years of turmoil are ahead of us as a crisis of chronic stagnation (over-accumulation) and state legitimacy has led to extreme repression in the face of acute inequality. The global economy and society has been militarized. Professor Robinson says the ruling groups are not omnipotent and are responding to the mass revolt from below. The pandemic allowed the transnational class to consolidate its grip on the global economy and form a Silicon Valley, Wall Street, Pentagon nexus. The pandemic served as a dry run for how digitalization is going to allow greater control over the working class. The transnational elite are united, including in Russia and China, in maximizing profit and keeping a clamp on rebellion from below. However, the global revolt is unprecedented in history and there is reason to be hopeful.

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