last time, all it took for the world to take just one step back from laissez-faire capitalism was
- democracies collapsing all over europe
- the great depression
- a world war (or maybe two)
- threat of imminent communist revolutions
The new deal era ended and neoliberalism took over because we had some inflation off and on for about 9 years.
Neoliberalism will crack because it can't offer any level of social democracy, even European countries are starting to sell off their welfare state. It could have kept going so long as nothing interrupted the cycle of credit and imperialist extraction of wealth. As soon as a major hiccough happened with the covid crash and earlier the great financial crash, it doesn't have many options to keep going. I'm pretty sure they won't shut down because it would mean an end to the cycle of credit and wages, but they also can't keep things limping along either. People already have low levels of trust in the government and capitalist institutions, capitalism is starting to struggle to provide cheap goods in the imperial metropole, it feels like things are ripe for a lot of people to radicalize.
I honestly feel like we're looking at a 1905 or 1917 in this decade (hopefully the latter).
LMAO it can't even provide Lysol wipes. Let alone the two months we went without fucking toilet paper.