Guest Post: Is This The Terminal Phase Of Global Capitalism 1.0?

Friday, February 8, 2013
By Paul Martin

by Charles Hugh-Smith
ZeroHedge.com
02/08/2013

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.

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