The Future Dilemmas of Late Capitalism

The issue of ecology and environmentalism: during the 2009 Copenhagen Summit this was especially evident, where the state and its corporate interests failed to make any law-binding decisions. This problem has been going on for a while, where the consensus has always been “We urge people to pollute less!” without enacting any legislation to enforce that. And the inevitable collapse and depletion of the oil and the energy market, predicted to happen around 2040, will prove to be destructive to globalization.

The issue of transhumanism and the rapid advancement of biogenetics is an issue the markets will fail to control and the state will probably succumb to, which would ultimately create a physical and intellectual divide between the wealthy and the poor, aside from their socio-economic status, because only the rich will have access to such enhancements.

The issue of intangible capital; the market has always functioned on physical capital that could be exchanged in the real world, but now with the rise of digital assets (which is now worth more than real world assets) all that is changing and it seems that the current laws on intellectual property and copyright are proving to be useless. The problem comes from that regulating this kind of capital and the digital market in general is inherently intrusive and stripping of liberty. The pressure of corporations on the state to enact further laws to limit internet freedom will surely come as a result, representing a new form of censorship and Orwellian infringement of basic rights (more info here).

The issue of new forms of apartheid; Zizek discussed this in a few of his interviews, in which there is a new class of people that are just excluded from the system completely. This is becoming increasingly prevalent in South America, Africa, Asia, and even in the United States, where there are artificial barriers being set up between the slums and the rest of the nation. There is little state control in these areas, and they are completely disregarded in the political sphere and there is little hope of incorporating them back into the system since they are so disproportionately poor. A good example of these “little Berlin Walls,” that Zizek calls them, are the slums of the Romani people (the Gypsies) in Europe, specifically Eastern Europe. Just look up modern antiziganism and you will find the oppressive hatred and exclusion the Gypsies face in modern day Europe, and their rights are completely ignored in the political sphere and even by the transnational bodies like the UN, which is apparent in their reaction to Roma refugees in the aftermath of the Kosovo war. 

And finally, the issue of state interventionism is a problem in itself. I think most Keynesians would agree that if that state did not intervene the market would abolish itself; the allocative capacity of the market is just not efficient enough, especially in a world where there are more overweight people (1.5 billion) than malnourished individuals (925 million), where food is being misallocated to areas where it is not needed because of unethical profits. Industries are attracted to areas with high levels of GDP. Since the ‘Golden Age of Capitalism’ after WW2, there has been substantial growth but with this economic expansion also comes increased state involvement. This destructively centralizes democratic power rendering it useless, and increases state power to bounds that could endanger democracy in itself. Authoritarian capitalism, or ‘capitalism with Asian values,’ as is present in Singapore and China, is at this point in time working more efficiently than liberal capitalism which is something we should all be concerned with. It used to be that argument that free markets will ultimately lead to democracy eventually, but now the authoritarian way is proving to be much more efficient in many respects and that liberal argument for capitalism may soon be disproved.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.




A Blog about Propaganda

Journey to Russia

Embracing the cold, the beautiful, and the mysterious, Mother Russia

YesterYear Once More

Life as it was reported back then

Victor Serge's Ghost

"One must range oneself actively against everything that diminishes man, and involve oneself in all struggles which tend to liberate and enlarge him"

Collecting Russian Art

20th century Russian art and its uniqueness

Communist League Tampa

proletarians of the world, unite!

Mosul Eye

To Put Mosul on the Global Map


Thai politics

Yanis Varoufakis


Fractal Ontology

refracting theory: politics, cybernetics, philosophy

Russia Without BS

How am I still doing this?

The Disorder Of Things

For the Relentless Criticism of All Existing Conditions Since 2010

United States Hypocrisy

A critical analysis of the American empire's high-minded rhetoric, and the ways in which it continually fails to square with reality.

Valentino's blog

A blog about visual arts (well, mostly...)


e*leu`ther*o*ma"ni*a | noun | a mania or frantic zeal for freedom. | [R.] Carlyle.

synthetic zerø

aequilibrium movere


..............................the research base of jon goodbun

Paths to Utopia

scattered reflections on politics for our time


It's Evelyn, It's Ecology, all in one convenient package

John Riddell


Idiot Joy Showland

This is why I hate intellectuals

All that is Solid for Glenn Rikowski

All that is Solid ... is a radical blog that seeks to promote a future beyond capital's social universe. "All that is solid melts into air" (Karl Marx and Friedrich Engels, 'The Communist Manifesto', 1848).

Symptomatic Commentary

Notes, Interviews, and Commentary on Art, Education, Poetics, and Culture

The View East

Central and Eastern Europe, Past and Present.


Russia, the West, and the world

Uneven And Combined Development

theorising the international

Bezbozhnik - безбожник

On anti-religious propaganda in the early USSR, with some disgressions on the Russian Soul.

Nationalism Studies

Monitoring the Changing World

Old Woman on a Bicycle

My Art & Photography Mostly, but Maybe Other Things

Sráid Marx

An Irish Marxist Blog


Historian and geographer, writer and researcher

Pedagogy & the Inhumanities

Pedagogic nihilism fights a windmill battle against international capital

Peter Marcuse's Blog

Critical planning and other thoughts

communists in situ

leberwurst proletariat

People and Nature

Some socialist ideas about society, the earth and their interaction

Clio Ancient Art & Antiquities

Exploring the world of antiquities dealing, collecting, heritage issues and a bit of archaeological travel


Something always escapes!

New Historical Express

(Formerly Hatful of History)

%d bloggers like this: