A Quote by Immanuel Wallerstein

The world system is coming to the structural crisis — © Immanuel Wallerstein
The world system is coming to the structural crisis
My idea, as the whole world knows, is that the capitalist system now doesn't work either for the United States or the world, driving it from crisis to crisis, which are each time more serious.
It is popular to call it a crisis of the Western world. It is in fact a crisis of the whole world. Communism, which claims to be a solution of the crisis, is itself a symptom and an irritant of the crisis.
All people—all lives—are either in a crisis, coming out of a crisis, or headed for a crisis.
Capitalism is a powerful producer of output, crisis-mongering on the left notwithstanding, and this too makes the system seem to have a lot of promise. This is why it is so important to agitate against the system in good times and bad. We can't depend on some super crisis to get folks thinking but instead have to focus on all of the contradictions of the system which cannot be ultimately resolved by it.
For me, it is clear that we are currently in a period of structural crisis of capitalism going back to the 1970s, but deepening in our time. Persistent economic stagnation together with neoliberal austerity has at this point seriously undermined the stability of the liberal-democratic state and thus the political command sector of the capitalist system. This has led to a dangerous resurgence of political movements in the fascist genus, representing an alternative way of managing the state of the capitalist system, opposed to liberal democracy.
We're facing a crisis that we have not provoked, yet we are the main victims of the greatest crisis since the 1930s. It's not been generated by factors external to the system, but by factors that are of the very essence of the system: exacerbated individualism, deregulation, competition, and so on.
If there's been a crisis in a market, you don't tend to have a new crisis in that market until the people who went through the last crisis aren't in the system anymore.
Today, capitalism faces a deep structural crisis.
I simply don't understand the refugee crisis. The history of humanity can be told through a story of migration and settlement. If I can't protect my family, I'm coming to where you are; I'm just coming. It's a round world, and we've all got to get on with it and move on.
There has been a banking crisis, a financial crisis, an economic crisis, a social crisis, a geostrategic crisis and an environmental crisis. That's considerable in a country that's used to being protected.
Thinking consists in envisaging, realizing structural features and structural requirements; proceeding in accordance with, and determined by, these requirements; thereby changing the situation in the direction of structural improvements.
Think of one structural change in 11 years he made, other than being just doling out money in the annual Budget? And don't say the GST because Howard did that and it wasn't a structural change anyway, just a change in the tax system. This is a low flying person.
There is no better protection against the euro crisis than successful structural reforms in southern Europe.
The EU is mired in deep structural crisis. Greece, Portugal and Ireland cannot survive inside the Euro.
There are still deep-seated structural problems that threaten the economic balance in the world: Between the United States and China, for example, but also within Europe. We have taken a few steps toward taming the financial markets, but we haven't come nearly far enough to rule out a repetition of the crisis.
Those who have a lot of money in Greece invest in housing abroad. It's all immoral. The Greek crisis is structural, but also political.
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