Reflections on the crisis and transformation of capitalism in the new era

Mondo Education Updated on 2024-01-19

In the wake of the pandemic, left-wing scholars abroad have made a profound critique of capitalism, emphasizing that its development trend is evolving from neoliberalism to neonationalism. On the basis of their critique, they further analyzed the precarious development of capitalism and predicted the possible move of Western countries towards state capitalism. Racial and climate issues are seen as key to shaking capitalism, while workers and youth are seen as major forces for future change.

In the development of capitalist countries, scholars have focused on several key issues. First, global markets have fallen into a severe and abrupt recession under the impact of the pandemic, exacerbating pre-existing divergences. Insufficient vaccines** have led to large disparities between developed and developing countries, between regions that can and cannot be vaccinated. India has experienced a severe health catastrophe due to a long-standing inadequate public health system. Polarization in South African society is even more pronounced, with the polarization of income, employment and access to vaccines. Urgent economic stimulus has sent countries through the worst recession in decades, and Canadian professor Colin Rice points out that the return of countries is a necessary means for the current capitalist countries to end the pandemic and cope with its effects.

Second, there is a new polarization within contemporary capitalism, plunging it into a new period of instability. Scholar Greg Arbo, through his study of Marxist classics, argues that the intrinsic nature of capital drives polarization and ensures the acquisition of value and profit. The pandemic has revealed the deep-seated inequalities and racism of financial capitalism. The development of capitalism is a process of constant formation of new political nodes, where crises, reconstruction and revolutions will take place in a more complex and baroque form in capitalist countries.

State intervention in the economy has become a feature of the capitalist economic order in the post-pandemic era, and Western countries are undergoing a transition from neoliberalism to neonationalism. Left-wing organizations"Socialist substitution"believes that the crisis and recession of capitalism have made it"Free market"It must save itself through the strong intervention of the State. Although the economy began to recover with state intervention, this recovery was temporary and fragile, and the inherent fragility of capitalism meant that a new economic collapse and financial crisis could be ushered in. The report points out that there is a speculative bubble in the US corporate debt, bonds and ** sectors, and some developing countries may face a sovereign debt crisis, and unscientific and orderly vaccination may further exacerbate these problems and even trigger a financial crisis.

The symposium hosted by the British journal Historical Materialism argued that in the post-pandemic era, Western capitalism is undergoing a profound transformation, moving from neoliberalism to neonationalism.

The racial issue and the climate issue are seen as the two keys to shaking capitalism. On the one hand, there is a strong antipathy to racism in American society at present, and migrant workers will play an important role in future struggles. The struggle against oppression can strengthen the identity politics of the working class and unite more people in the common struggle. On the other hand, the ruling classes of capitalist countries have begun to take the climate crisis seriously and have been forced to intervene to varying degrees in order to maintain the stability of the capitalist system. However, capitalism's ability to respond to the climate crisis is limited due to the difficulty of coherent planning and public investment on the basis of a neoliberal economy.

Left-wing scholars abroad have been focusing on how to achieve social change and looking for revolutionary forces. They believe that as the willingness of workers and youth to participate in politics grows, these two groups will be the main forces that can put an end to capitalist exploitation. In the United States, young people's approval of capitalism has fallen by 14% since the financial crisis, and they are more supportive of some form of socialism and play a key role in political and social activism, the survey shows. In the coming years, as capitalism enters a period of turmoil, a section of the worker is likely to become more active in the struggle, and the fight against racism is likely to be at the heart of the struggle. Inflation, the bursting of speculative bubbles and climate catastrophes can quickly alter the consciousness of large segments of the population, and young people will be a key force for social change.

In recent years, foreign Marxist studies have gradually returned to social movements and grand narratives, and the path and mode of revolution. This research momentum requires us to understand foreign Marxism with a scientific and dialectical attitude, persist in being problem-oriented, and promote the development of Marxism. We need to focus on the major theoretical and practical issues in the study of Marxism abroad, and deeply reveal the structural contradictions, crisis evolution, new forms and essence of capitalism, so as to better understand the great changes in the world that have not been seen in a century.

The recent article profoundly describes the criticism of capitalism and the unique insights of foreign left-wing scholars on capitalism and its future development trend after the outbreak of the new crown pneumonia epidemic. In the article, the scholars focus on the turmoil in capitalist countries under the impact of the pandemic, highlighting its inherent structural problems, and at the same time making a historic transition from neoliberalism to neonationalism. This point is thought-provoking and deserves further in the comments.

First of all, the article, in analyzing the direction of development of capitalist countries, draws deep attention to the divergence of global markets. The inadequacy of vaccines** has led to an increasingly pronounced disparity between developed and developing countries, revealing the potentially unfair structure of the global system. In countries such as India and South Africa in particular, the fragility of public health systems has exacerbated the social impact of the pandemic, highlighting capitalism's plight in the face of a global crisis. This has sparked calls for the return of the country, which has far-reaching implications for ending the crisis and addressing its implications.

Second, the article provides a profound insight into the new polarization within contemporary capitalism. Through the study of Marxist classics, scholars believe that the intrinsic nature of capital continues to drive the polarization of society, which has become more pronounced in the face of the pandemic. This inequality manifests itself not only in the economic dimension, but also in the form of deep racial discrimination. The idea that capitalist development will evolve in society in a more complex and baroque form provokes a deep reflection on the structural problems within capitalism.

Third, the article provides a detailed analysis of the rise of state capitalism. In the aftermath of the pandemic, Western countries experienced a deep crisis and recession of capitalism and were forced to save themselves through the state's tough intervention. However, scholars argue that this recovery is fragile, and that capitalism's inherent fragility makes another economic collapse possible in the near future. This view calls for deep attention to the current economic situation and advance preparation for a possible new round of crisis.

Finally, the article highlights the crucial role of racial and climate issues in shaking capitalism. For American society, there is a growing antipathy to racism, and migrant workers will play an important role in the struggle ahead. In addition, the importance attached to the climate crisis by the ruling classes of capitalist countries is also a feature of the current situation. However, the article points out that capitalism is difficult to cope with the climate crisis under the current economic system, which raises deep thinking about sustainable development.

Overall, this article provides a unique perspective on the current crisis and development trend of capitalism. Scholars' in-depth reflections on global market divergence, internal polarization, the rise of state capitalism, and the issues of race and climate provide useful insights into the complex situation in today's world.

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