Who is making the most insightful analysis and coverage of the war on Iran? As always, when states are wreaking havoc and causing meaningless destruction, I miss Immanuel Wallerstein who could always give perspective on the paths the world might go.

#WarOnIran #WorldSystem

"I recently finished a close, deep reading of Arrighi’s master work, The Long Twentieth Century, and he does not assert that a new hegemonic order will follow American decline. There is some speculation at the end of the book about East Asia being the new global North, in effect, which is increasingly conventional wisdom anyway. But nothing about a new dominant single power, nothing about now being an interregnum followed by a new regnum.

The confusion arises because cycles of hegemony are only identifiable within capitalism itself; it’s the expansionist imperative of the capitalist mode of production that knits together the world-system. But many world-systems analysts recognize that capitalism is on borrowed time. Cycles within capitalism do occur in intervals, but only as long as capitalism continues to dominate global relations. We’ve had a good 500 years in which each hegemonic order emerges out of the crisis of the previous order…capitalism is prone to crisis until it can no longer be patched up, until it reaches its terminus and the world-system becomes something else.

I believe, and it seems Tooze believes, that what we’re entering into is the world-system becoming something else. A world in which even China cannot deign to become global hegemon. The way in which “rupture” is a correct way to think about our conjuncture, then, is that we’re living through a rupture of the old hegemonic cycles and what’s emerging is some other thing. I wouldn’t call it post-capitalist, because capitalism isn’t going away, but it won’t be a capitalist world-system that orders relations."

https://www.un-diplomatic.com/p/adam-tooze-on-the-end-of-hegemonic

#Capitalism #China #ModesOfProduction #WorldSystem #USA

https://htsf.substack.com/p/can-china-build-a-new-world-system

Stimulating essay prompted by Xi’s New Quality Productive Forces initiative.

#PoliticalEconomy #PaulMason #WorldSystem #NewQualityProductiveForces #China #Europe

BRICS, the UN, the G20, and the world economy

Contents:
bricks and mortar (nations & money?)
the bear and the leopard (Russia & China?)
the ten-horned beast (the UN and its affiliates?)
tools for the Antichrist

#BRICS #effectiveglobalgovernance #G20Summit #jesus #Messiah #UnitedNations #worldeconomy #WorldSystem

https://lightforthelastdays.co.uk/articles/events-in-europe/brics-the-un-the-g20-and-the-world-economy/

Crisis, World System, Babylon

See that you do not refuse Him who speaks. For if they did not escape who refused Him who spoke on earth, much more shall we not escape if we turn away from Him who speaks from heaven, whose voice then shook the earth; but now He has promised, saying, “Yet once more I shake not only the earth, but also heaven.” Hebrews 12.25-27

#babylon #churchleadership #crisis #globalcatastrophicrisks #jesus #Messiah #salvation, #WorldSystem

https://lightforthelastdays.co.uk/articles/globalisation/crisis-world-system-babylon/

My #CSUChico colleague Martín Jacinto has just published a new article in the Journal of World-Systems Research on the mobility (or lack thereof) and enduring trade inequality experienced by countries within the #worldsystem following the 2008-09 economic crisis.

Free full-text PDF: https://jwsr.pitt.edu/ojs/jwsr/article/view/1148

@heterodoxecon @economics

evolutionary political economist, working at WU Wien (SL at Dpt Socioeconomics)

council member https://eaepe.org/

#ABM #politicaleconomy #institutions #neomarxism #régulation #evolution #complexity #globalproductionnetworks #worldsystem #platformcapitalism #platformsovereignty #socialecologicaltransformation #degrowth