Guest Post: Is This The Terminal Phase Of Global Capitalism 1.0?
by Charles Hugh-Smith
We often turn to cycles – business, solar, Kondratieff, etc. – to better understand current events. But what if this era is not just a cycle but the terminal phase of Global Capitalism 1.0? This heretical thought arises from the school of economic history pursued by Fernand Braudel and those he inspired. We need a new model, and a re-hash of the old broken models will no longer do. The road for both global capital and the State is narrowing to a rocky trail that leads to a cliff.