| Summary: | The worldwide capitalist economy is currently experiencing its greatest crisis since the Great Depression, and it seems clear that a significant historical turning point has been reached. The period to come looks likely to be marked by global economic and political instability, possibly for many decades, and a new institutional direction will be shaped and developed through the interactions of various state, social, and class struggles. Examining the similarities and differences between the current period and previous capitalist crises and periods of instability helps to reveal the significance of the today's situation by placing it in a wider international historical context.
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