Capitalism, Crisis, and Alternative System Seeking

Capitalism, Crisis, and Alternative System Seeking

The current economic stagnation, which some have considered to be in existence since the 1970s and that peaked with the collapse of the financial markets in 2008 (Amin, 2011, p.3) has engendered discussions about the rise of new ideologies and regional-global powers as an alternative to the capitalist order led by the United States (US). Several questions arise regarding reshaping the capitalist system in the face of emerging powers such as China and those in the Persian Gulf and Latin America, and regarding assisting the recovery of the current system: Is the global capitalist system facing collapse? What do financialization and monopolization mean in the capitalist system? What kind of new formations does a crisis of capitalism lead to?

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  • Hanieh, Adam. Capitalism and Class in the Gulf Arab States. New York: Palgrave Macmillan, 2011.