ABSTRACT
The recent waves of social unrest coupled with the weak performance of global markets have demarcated a turning point in the trajectory of global capitalism. Rising income inequality, public debt insolvency, declines in global output, chronic structural unemployment, financial instability, and the political oppression of pro-democracy movements are showing the natural limits of the current regime of global capitalism. During the crises of the 1930s and 1970s, the systemic contradictions of declining profits and social unrest was resolved with the global dispersion of capital, the incorporation of new lands and populations into the system, and the establishment of Fordist-Keynesian regimes of accumulation. However, the current structural crisis of profit accumulation and social unrest has shown the limits of these solutions while signifying a transitional moment in the capitalist world-system.
