ABSTRACT

The current global economic crisis is a crisis of the entire global capitalist system, and thus it affects all of the system's components and institutions. Twenty-first century global capitalism requires a coordinated global movement from the bottom-up with working class leadership. The social forum and the many fronts of struggle that converged on Wall Street are interconnected with the movement in society that is in opposition to the capitalist crisis and is part of the developing anti-systemic movement toward socialism in the United States and the world. The movement toward socialism must be not only anti-capitalist, but also anti-white supremacist and anti-patriarchy. The twenty-first century 'Great Recession' is vastly different from the Great Depression of the 1930s. Then the war economy and the enormous extension of credit drove the expansion of the capitalist market that brought the United States and the world out of the economic crisis and positioned the United States for global hegemony following World War II.