I have been a big fan of William I. Robinson ever since I read his – ever-so dense but profound – A Theory of Global Capitalism (a book you should all read) – and in this Al-Jazeera column, he pursues a familiar line of thinking: that global capitalism leads to 21st century fascism:
“I want to discuss here the crisis of global capitalism and the notion of distinct political responses to the crisis, with a focus on the far-right response and the danger of what I refer to as 21st century fascism, particularly in the United States.”
I write “familiar” because this is something he has spoken about before. In Robinson’s view, globalization is characterized by three major and dominating entities: transnational capital, the transnational capitalist class (TCC) and the transnational state. These three components are well integrated and embedded, hence their thorough dominance, which, with the current recession, is now plain to see and deeply entrenched:
“By the late 1990s, the system entered into chronic crisis. Sharp social polarisation and escalating inequality helped generate a deep crisis of over-accumulation. The extreme concentration of the planet’s wealth in the hands of the few and the accelerated impoverishment, and dispossession of the majority, even forced participants in the 2011 World Economic Forum’s annual meeting in Davos to acknowledge that the gap between the rich and the poor worldwide is “the most serious challenge in the world” and is “raising the spectre of worldwide instability and civil wars.”