The world is at the crossroads of social change, in the vortex of forces that are bringing about a different world, a post-neoliberal state. This groundbreaking book lays out an analysis of the dynamics and contradictions of capitalism in the twenty-first century. These dynamics of forces are traced out in developments across the world - in the Arab Spring of North Africa and the Middle East, in Cuba and elsewhere in Latin America, in the United States, and in Asia. The forces released by a system in crisis can be mobilized in different ways and directions. The focus of the book is on the strategic responses to the systemic crisis. As the authors tell it, these dynamics concern three worldviews and strategic responses. The Davos Consensus focuses on the virtues of the free market and deregulated capitalism as it represents the interests of the global ruling class. The post-Washington Consensus concerns the need to give capital a human face and establish a more inclusive form of development and global governance. In addition to these two visions of the future and projects, the authors identify an emerging radical consensus on the need to move beyond capitalism as well as neoliberalism.
James Petras is Professor Emeritus in Sociology at SUNY, Binghamton and Adjunct Professor in International Development Studies at Saint Mary's University, Canada. Henry Veltmeyer is Professor of Development Studies at the Universidad AutÃ³noma de Zacatecas (UAZ) in Mexico and International Development Studies at St. Mary's University, Canada.