Ending the crisis of capitalism or ending capitalism?

With his usual verve and sharpness Samir Amin examines the factors that brought about the 2008 financial collapse and explores the systemic crisis of capitalism after two decades of neoliberal globalisation. He lays bare the relationship between dominating oligopolies and the globalisation of the world economy. The current crisis, he argues, is a profound crisis of the capitalist system itself, bringing forward an era in which wars, and perhaps revolutions, will once again shake the world, Amin examines the threat to the plutocracies of the US, Europe and Japan from decisions of recent G20 meetings. He analyses the attempts by these powers to get back to the p re-2008 system, and to impose their domination on the peoples of the South through intensifying military intervention by using institutions such as NATO. Amin presents original proposals for the way forward : an alternative strategy which, by building on the advances made by progressive forces m Latin America, would allow for a more humane society through both the North and the South working together. « With his constantly critical eye on the foundations of capitalism Samir Amin has modified and reformulated his ideas through a score of works... [He foresaw] the world crisis and presents solutions that benefit the people... « It is what I call privatising the losses, » he told AI Ahram « the opposite of the present model which aims at socialising the losses, while respecting the privatising of the profits.' » Al-Ahram weekly Author.