Are we heading towards another economic crisis? The stock market plunged last week; private debt is at an all-time high; speculative markets are on the rise; wealth remains concentrated at the top; and workers are stuck in precarious low-wage jobs.
My guest today, William I. Robinson, says that the Transnational Capitalist Class is facing a crisis of over-accumulation.
But what is to be done? Professor Robinson details the social movements that will be necessary to escape the rise of a global fascism. He sees the role of intellectuals as an important part of these broad social movements.
William I. Robinson is a professor of sociology at the University of California, Santa Barbara. He has written extensively on globalization, capitalism, and the transnational capitalist class. His latest opinion piece is entitled “The Next Economic Crisis? Digital Capitalism and Global Police State,” which was published on teleSUR, an alternative representation for world news.
The Next Economic Crisis?