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Publication Details

Bond, Patrick (2008) Background to Volatile Global Capitalism:
Political and Economic Aspects since the 1970s
Presented to the World Forum for Alternatives and Network of Artists and Intellectuals in Defense of Humanity Working Group on the World Economic Order Caracas, Venezuela - 15 October 2008  : 1-6.

The forces in Washington that support economic neoliberalism (the World Bank, IMF, US Treasury, US Federal Reserve and associated thinktanks) and political neoconservatism (the White House, Pentagon, State Department and thinktanks) are both suffering major legitimacy problems. These have built up not only in the economic sphere, as is now so obvious, but also over a three-decade long geopolitical process. The purpose of these remarks, as requested by WFA chair Samir Amin, is to provide the background context for discussions on today’s world economic order.

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