First published: Foreign Policy, 31/08/2011
The clamor of economic and political events this year — including the Arab Spring, the intensification of the Western economic crisis, the rise of the Tea Party, and the growing ascendancy of China — has been deafening. But though most reporting has described these events as disconnected, they are far from coincidental.
The crisis of capitalism that erupted with the 2008 financial bust has very much to do with all of these seemingly disparate events. ….more