Crisis of Humanity and the Specter of 21st Century Fascism

http://www.soc.ucsb.edu/faculty/robinson/Assets/pdf/Crisis%20of%20Humanity.pdf
World Economy  www.worldfinancialreview.com  May - June 2014 Pg 14 – 16

Global Capitalism:
Crisis of Humanity and the Specter of 21st Century Fascism

By William I. Robinson

About the Author

William I. Robinson is professor of sociology, global and international studies, and Latin American studies, at the University of California - Santa Barbara. Among his many books are Promoting Polyarchy (1996), Transnational Conflicts (2003), A Theory of Global Capitalism  (2004), Latin America and Global Capitalism(2008), and Global Capitalism and the Crisis of Humanity (2014).

World capitalism is experiencing the worst crisis in its 500 year history. Global capitalism is a qualitatively new stage in the open ended evolution of capitalism characterised by the rise of transnational capital, a transnational capitalist class, and a transnational state. Below, William I. Robinson argues that the global crisis is structural and threatens to become systemic, raising the specter of collapse and a global police state in the face of ecological holocaust, concentration of the means of violence, displacement of billions, limits to extensive expansion and crises of state legitimacy, and suggests that a massive redistribution of wealth and power downward to the poor majority of humanity is the only viable solution.

The New Global Capitalism and the 21st Century Crisis

The world capitalist system is arguably experiencing the worst crisis in its 500 year history. World capitalism has experienced a profound restructuring through globalisation over the past few decades and has been transformed in ways that make it fundamentally distinct from its earlier incarnations. Similarly, the current crisis exhibits features that set it apart from earlier crises of the system and raise the stakes for humanity. If we are to avert disastrous outcomes we must understand both the nature of the new global capitalism and the nature of its crisis. Analysis of capitalist globalisation provides a template for probing a wide range of social, political, cultural and ideological processes in this 21st century. Following Marx, we want to focus on the internal dynamics of capitalism to understand crisis. And following the global capitalism perspective, we want to see how capitalism has qualitatively evolved in recent decades.

Why Free? And why this manifesto may be of interest

We will refrain from an endless analysis and discussion of why this book, among zillions, may be of interest to us, but we have highlighted some key phrases that drew our attention.  It may be easy to bash the book or to praise it and we may do both in the future, but it may have to be done together with all of you who may have read it.  What's the value of us providing with a reason not to read it but remain confident that its criticism is as good as reading it yourselves?

Both myself and my courageous publishers, Permanent Publications, have decided to publish a free online version of this book, and the normal paperback version under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported license, for three reasons:

First, the ideas and practical tools contained within it should be free to whoever may find them useful, and not made falsely scarce by the mechanisms of the monetary economy.

Second, just as actions display our beliefs more honestly than our words, the ways in which ideas and practical tools are shared are at least as important as the words themselves. I wanted the medium to be fully aligned with the message.

Third, I wanted to release it under a Creative Commons licence because it felt fraudulent to have my name on the front of this book. As I said in the acknowledgements page of my last book, what are my words but “an accumulation of all that has come

Gold, Copper, Iron, Petroleum, Uranium, Water, and now Bitcoin

The world has gone mad or what we thought as sanity is not really

far from madness?  This is how silly their value system is that one does not really need to dig mountains, melt ore, have vaults, and make laws and rules to create value.  One can seat on their PC and harvest/mine coins that are not made out of any matter, use them to buy and sell material goods and services, and get wealthy collecting those virtual coins that no state and central bank in the world regulates.  Yes, gold coins are just as silly but cost lives and do tremendous damage to the land their harvested from.  The question we ask is not whether such a currency can replace other currencies or be used as a universal currency for international trade but whether this "value" system is as silly as any of capitalism's value systems. 

Here we have a description and summary of what this late madness of virtual currency is by a globally respected economics journal "The Economist".  The longer this phenomenon lasts and the longer states are unable or unwilling to control and repress it the more the traditional value systems prove their irrationality.  Thousands, millions maybe, died in battles and wars over gold and other resources so states and the elites behind them can maintain domination over land and lives.  For what?  For regulating, usually to their benefit, the accumulation in wealth, power, and control, based on a virtual and irrational value system.  Bitcoins have reduced