Abstract: Global capitalism is currently recovering from the Great Recession of 2009. But the basic contradiction of neoliberalism has not been resolved. The fiscal deficits in the western countries and China’s real estate bubble are setting up the world for a potentially more devastating crisis. China may emerge as the key battleground of global class struggle. As the global ecological system approaches total collapse, any further expansion of capitalism is now in fundamental conflict with the long-term survival of humanity. Keywords: Global capitalism, crisis, class struggle, global ecological crisis
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