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Beyond the Systemic Crisis and Capital-Led Chaos

Theoretical and Applied Studies


Rémy Herrera, Wim Dierckxsens and Paulo Nakatani

The current crisis is the expression of the struggle of a dominant ‘fictitious capital’ over real capital to redistribute the global mass of wealth. It is translated into an expansion of assets in financial markets sustained by an inverted pyramid of credits without being backed by a major growth of the real economy, which is increasingly global in scope. The conversion of fictitious capital into real capital is a geopolitical item to understand acquisitions of land in the South to produce agro-fuels, for example. Conversion from fictitious to real capital also happens, the other way round, when military expenditures are financed by more public debt, as is the case for the US today. Financial capital engages in a warlike strategy to establish a global order under its hegemony, without borders and citizens. Employment, social-economic security and political stability will be a worldwide problem. The greatest fear of the capital is that the Eurozone will become a part of the Euro-Asian Continental Bloc. This definitely means a possible military conflict of the US with Russia and China. This crisis is one of the Western ‘civilization’ itself.
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The world today is living in a capital-led systemic crisis. The mass media are fully committed to the great economic interests that control the planet and have no interest in informing the people objectively. This is not just a systemic crisis, but also a crisis of the Western civilization, which can jeopardize the entire future of humankind. This crisis comes along with high levels of hazards ever seen in history. The Soviet Union lost the Cold War, which resulted in its dismemberment. The United States and the Western world finally seem to be losing this war too, which is manifested in the present systemic crisis of capitalism. Hence, there have been no winners; all human beings lost. The present crisis of capitalism is thus a very critical period, but it is also an opportunity to move towards a civilized future. In this context, we all have the moral responsibility to participate in the struggle to overcome the crisis, and is the main reason behind organizing the international observatory of the crisis.

Since the 1980s, with neoliberal globalization, the productive sector tended to grow increasingly smaller; the speculative financial sector became dominant and fictitious capital turned into the core of the present crisis, which is at the same time financial, economic, political, social, military, ecologic, climatologic and cultural. We are reaching, and even surpassing, the possible global limits of the production of oil and other non-renewable resources of energy. There is competition between biofuel and food for...

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