It has long been apparent that free market capitalism, as currently practised, is running into the buffers of climate breakdown, species extinction, pollution and gross inequality. A system that favours profit maximization at the expense of all else, including nature, cannot expect to go on and on without consequence.
Similarly, globalisation of finance, tourism and product supply with consequent massive movement of people, products and living beings around the world is foundering on the sands of the coronavirus panic and the apparent inability of the system to withstand shocks, and the human fears that follow.
Further, the overemphasis on sovereignty of nation states, with the related rise of populism, and with a weak United Nations, means that collective attempts to resolve these problems is easily nullified by powerful actors.
The chickens are indeed coming home to roost. Yet this process seems to be necessary before humanity can build up the…
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