ABSTRACT

It has been over ten years since the Great Recession, which many have suggested is a terminal crisis of capitalism or a structural crisis of the modern world-system, which differs from normal business downturns. Many claim that it will lead to persistently lower growth. This chapter suggests that rather than being the end of capitalism itself, we are experiencing the crisis of neoliberal capitalism. It is plausible that the current structural crisis of the modern world-system is a change within the economic system itself.