88. Crumbling capitalism, revolution and counter-revolution

As the capitalist world tears at itself, who stands to gain?

Global capitalism is in its deepest crisis since the 1930s, exacerbated by ‘the great accelerator’: Covid-19 pandemic and depression.

There is turmoil on every continent; class battles and uprisings; rising authoritarianism; polarisation within and between nations. Meanwhile, the trade union and ‘new left’ leaders have more and more accommodated themselves to capitalism’s demands.

The United States is a harbinger for the 2020s. Constitutional crisis is on the cards. Internal and international tensions, conspiracy theory mysticism, and dangerous right-wing forces are on the rise.

Is fascism the same threat it was a century ago? What is the difference between fascism then and right-wing authoritarianism today? Why does this matter? And how can socialists navigate these choppy waters to build the urgent alternative?

This episode of Socialism looks at crumbling capitalism: revolution and counter-revolution today.

Further reading

World perspectives: Revolution and counter revolution – Who stands to gain? https://www.socialistworld.net/2020/10/08/world-perspectives-revolution-and-counter-revolution-who-stands-to-gain/

Worldwide capitalist crisis deepens – step up the fight for socialism: https://www.socialistworld.net/2020/10/07/worldwide-capitalist-crisis-deepens-step-up-the-fight-for-socialism/