“We live in ominously dangerous times” stated the opening line of an article by C.J. Polychroniou (with Lily Sage) titled “A New Economic System for a World in Rapid Disintegration,” which was recently published in Truthout. And while the aforementioned piece was mainly a scathing critique of global neoliberal capitalism and a call for a new system of economic and social organization, its underlying thesis was that the world system is breaking down and that contemporary societies are in disarray.
Is the (Western) world in shambles? We interviewed C.J. Polychroniou about the current world situation, with emphasis on developments in Europe and the United States, and sought his views on a host of pertinent political, economic and social issues, including the rise of the far right and the capitulation of the left.
Marcus Rolle and Alexandra Boutri: Let’s start by asking — what exactly do you have in mind when you say, “We live in ominously dangerous times?”
C.J. Polychroniou: We live in a period of great global complexity, confusion and uncertainty. It should be beyond dispute that we are in the midst of a whirlpool of events and developments that are eroding our capability to manage human affairs in a way that is conducive to the attainment of a political and economic order based on stability, justice and sustainability. Indeed, the contemporary world is fraught with perils and challenges that will test severely humanity’s ability to maintain a steady course towards anything resembling a civilized life.
For starters, we have been witnessing the gradual erosion of socio-economic gains in much of the advanced industrialized world since at least the early 1980s, along with the rollback of the social state, while a tiny percentage of the population is amazingly wealthy beyond imagination that compromises democracy, subverts the “common good” and…