What we can do, while in the very middle of this structural crisis, is to try to analyze the emerging strategies that each camp is developing, the better to orient our own political choices in the light of our own moral preferences. We can start with the strategy of the camp of the "spirit of Davos." They are deeply divided. There are those who wish to institute a highly repressive system which openly propagates a worldview that glorifies the role of skilled, secretive, highly privileged rulers and submissive subjects. They not only propagate this worldview but propose to organize the network of armed enforcers to crush opposition.
Immanuel Wallerstein on when Capitalism will die Chaos until 2050 while capitalism dies -- Davos (hierarchy, exploitation, polarization) will try to prevent Puerto Alegre (democratic, egalitarian, ...
Immanuel Wallerstein talks with Craig Calhoun at the London School of Economics. Immanuel Maurice Wallerstein (born September 28, 1930) is an American ...
Brilliant analysis of the world situation and the history of counter-movements, but falls short in its proposed alternative. There is absolutely no mention of the need for productive reconstruction.
“The list of countries with enduring and worsening civil strife is growing. A short while ago, the world media were highlighting Syria. Now they are highlighting Ukraine. Will it be Thailand tomorrow? Who knows? The variety of explanations of the strife and the passion with which they are promoted is very striking.
At some point, there is a tilt; there always is. Then we shall settle down into our new historical system. Wallerstein foresees one of two possibilities: more hierarchy, exploitation and polarization; or a system that has never yet existed, based on relative democracy and relative equality.
Sociologist Immanuel Wallerstein could be ridiculing the wavemakers when he imagines a conclave of business leaders plotting PR strategy: “No, we have to sound progressive.
Educational degrees are a currency of social respectability, traded for access to jobs; like any currency, it inflates prices (or reduces purchasing power) when autonomously driven increases in monetary supply chase a limited stock of goods, in this case chasing an ever more contested pool of upper-middle-class jobs. Educational inflation builds on itself; from the point of view of the individual degree-seeker, the best response to its declining value is to get even more education. The more persons who hold advanced degrees, the more competition among them for jobs, and the higher the educational requirements that can be demanded by employers. This leads to renewed seeking of more education, more competition, and more credential inflation.
In the Bible there is a famous story of Samson, who is a hero. There are many interpretations of the meaning of the tale in which Samson, an Israelite, and someone of God-granted strength, pulls down the temple of the (also very strong) enemy Philistines, dying himself in the process. I take it to mean that an act which seems irrational (Samson dies in the process) is both heroic and quite sensible in that it becomes the way (possibly the only way) in which the strong enemy is defeated and his “people” saved.
With Immanuel Wallerstein, senior research scholar at Yale University, USA. Co-founder of the world-systems analysis. From 1994-1998 president of the ...
Pacifica Radio presents Immanuel Wallerstein, who is a sociologist, historical social scientist, and world-systems analyst. He spoke at the Left Forum in New ...
Immanuel Wallerstein (@iwallerstein) is Senior Research Scientist in Sociology at Yale University. He is the former President of the International Sociological Association (1994-1998), and chair of the International Gulbenkian Commission on the Restructuring of the Social Sciences (1993-1995). He writes in three domains of world-systems analysis: the historical development of the modern world-system; the contemporary crisis of the capitalist world-economy; the structures of knowledge. Books in each of these domains include respectively The Modern World-System (4 vols.); Utopistics, or Historical Choices for the Twenty-first Century; and Unthinking Social Science: The Limits of Nineteenth-Century Paradigms.
On Oct. 26, Pres. Dilma Rousseff of Brazil of the Partido dos Trabalhadores (Workers Party, PT) won re-election in the second round of voting by a narrow margin against Aécio Neves of the Partido da Social Democracia Brasileira (Brazilian Social Democratic Party, PSDB). Despite the name of the PSDB, this was a clear left-right struggle, in which voters generally voted their class position, even though the programs of the two parties were on many fronts more centrist than left or right.
In an interesting commentary titled "The Caliphate vs. Everyone Else", the renowned American sociologist Immanuel Wallerstein discusses the way in which the successful advance of the Islamic State forces has managed to alter alliances in the Middle East.
The list of countries with enduring and worsening civil strife is growing. A short while ago, the world media were highlighting Syria. Now they are highlighting Ukraine. Will it be Thailand tomorrow? Who knows? The variety of explanations of the strife and the passion with which they are promoted is very striking.
The general elections of most countries with parliamentary systems have largely functioned in the same way. They have had some regular alternation between two parties, one ostensibly left-of-center and one ostensibly right-of-center. In these systems, there has been little difference between the two main parties in terms of foreign policy and only a limited set of differences on internal politics, centering on issues of taxation and social welfare.
P2P exchange can be considered in market terms only in the sense that individuals are free to contribute, or take what they need, following their individual inclinations, with a invisible hand bringing it all together, but without any monetary mechanism. They are not true markets in any real sense: neither market pricing nor managerial command are required to make decisions regarding the allocation of resources. There are further differences: Markets do not function according to the criteria of collective intelligence and holoptism, but rather, in the form of insect-like swarming intelligence. Yes, there are autonomous agents in a distributed environment, but each individual only sees his own immediate benefit. Markets are based on 'neutral' cooperation, and not on synergistic cooperation: no reciprocity is created. Markets operate for the exchange value and profit, not directly for use value. Whereas P2P aims at full participation, markets only fulfill the needs of those with purchasing power. The disadvantages of markets include: They do not function well for common needs that do not involve direct payment (national defense, general policing, education and public health). In addition, they fail to take into account negative externalities (the environment, social costs, future generations). Since open markets tend to lower profit and wages, they always give rise to anti-markets, where oligopolies and monopolies use their privileged position to have the state 'rig' the market to their benefit.
Wallerstein's theoretical presentation of the mechanics of capitalism opens this volume. Capitalism, Wallerstein writes, is, at its most fundamental, a system of endless capital accumulation. While capitalism faced crises in its existence before, several forces are coming together now that will make a return to equilibrium impossible in the near future, ushering in a grand crisis. All of these forces involve the rising costs of doing business and the declining opportunities for their externalization.
Most nations have been building their government and interests that they can make on capitalism. However, the system, capitalism, is undergoing a kind of the crisis. Is there any choice we can take?
Immanuel Wallerstein discusses what people call "Neoliberalism." It was never an accurate description, and IW explains what it means and how Neoliberalism's political moment is over. It used to be that "T.I.N.A.", or "There Is No Alternative", ruled the day, but now the world situation has changed.
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