A talk given at the World Social Forum 2010, Porto Alegre
The historical geography of capitalist development is at a key inflexion point in which the geographical configurations of power are rapidly shifting at the very moment when the temporal dynamic is facing very serious constraints. Three percent compound growth (generally considered the minimum satisfactory growth rate for a healthy capitalist economy) is becoming less and less feasible to sustain without resort to all manner of fictions (such as those that have characterized asset markets and financial affairs over the last two decades).
by Van Gosse The Huffington Post, May 27, 2010
Almost every day I get a message from Republican National Committee Chairman Michael Steele denouncing President Obama's "radical socialist" policies. Fox News relentlessly sounds this chorus, and some Americans agree, rallying with posters featuring hammer-and-sickle drawings and pictures of Stalin next to our elected leader. For the rest of the world, this sounds pretty silly: they know what socialism looks like, and we have nothing like it.