If it did not come to end in 1989, as conservative critic Francis Fukuyama expected, this is because, in Hegel's sense, as freedom's self-realization in time, History had already ceased. Long before the new geopolitical configurations and institutional forms of the post-Soviet world, a new and unprecedented, though scarcely recognized, political situation had taken shape: The last threads of continuity connecting the present with the long epoch of political emancipation were severed. In the second half of the 20th century the history that stretched back through modern socialism and the labor movement to the Enlightenment and the bourgeois revolutions that came before, became bunk. Yet, unlike Stalinism's well-publicized (if exaggerated) collapse, the passing of History and the death of the long-ailing Left in our time has passed almost wholly unnoticed and unmourned.
Much is to be gained by viewing the contemporary crisis as a surface eruption generated out of deep tectonic shifts in the spatio-temporal disposition of capitalist development. The tectonic plates are now accelerating their motion and the likelihood of more frequent and more violent crises of the sort that have been occurring since 1980 or so will almost certainly increase. The manner, form, spatiality and time of these surface disruptions are almost impossible to predict, but that they will occur with greater frequency and depth is almost certain.
It has been noted that the current economic crisis is of a scale unprecedented in the history of advanced capitalism. Today, three decades since the first stages of a transition of world markets through the expansion of finance capital, we face the first disruption of the system on a global scale.
I was intrigued to find in The Platypus Review #7 a commentary by Chris Cutrone on the U.S. role in world politics. I found it more sophisticated and original than anything I had previously come across in the mainstream media either here or in Europe.