The current global crisis, writes Samir Amin in this week's Pambazuka News, is neither a financial crisis nor the result of myriad systemic crises, but rather derives from the risk of a challenge of the power of the imperialist capitalism of the world's oligopolies by those marginalised. While global powers seek to restore the system to its pre-crisis state, the current crisis in fact allows us to conceive of a 'possible integrated front' involving all the social and political forces which co...read more
The current global crisis, writes Samir Amin in this week's Pambazuka News, is neither a financial crisis nor the result of myriad systemic crises, but rather derives from the risk of a challenge of the power of the imperialist capitalism of the world's oligopolies by those marginalised. While global powers seek to restore the system to its pre-crisis state, the current crisis in fact allows us to conceive of a 'possible integrated front' involving all the social and political forces which collectively represent the victims of the exclusive power of the oligopolies, Amin contends. Challenging historical capitalism represents the core element in the emancipation of the oppressed, a challenge that will only be met when the peoples of the global South and North struggle together, and without which capitalism will ultimately be overtaken by the destruction of civilisation, and perhaps even life on our planet, Amin concludes.