“Decoupling” is the new slogan running through think-tanks, chancelleries and economic ministries. It means a reduction in the interdependence between national capitals. But the reality is that not only capitals will become “decoupled”, but also the institutional system and the balances between classes will.
Militarism comes to the fore
What we are seeing, from China to Brazil to Turkey, is an initial phase in the development of militarism. The political weight of the military reappears as a resource and a safeguard against the internal conflicts of the bourgeoisie (Brazil) but above all as a way of ensuring a viable medium-term strategic perspective (China) in a context where the centrality of the imperialist conflict shifts from the commercial and the placement of capital to the military (Turkey).
The crisis has entered a new stage
A new phase of economic recession and political crisis is beginning worldwide. All the contradictions of the system have accelerated with the pandemic and the ability of capital to recover will depend on its ability to impose a massive transfer of income from labor to capital in each country. The losses and needs of capital are even more brutal than in 2009. But unlike ten years ago, we are entering this new phase with a working class that has mobilized under an almost universal program of demands and that in not a few cases has been strong enough to overcome the unions and twist the arms of companies and governments. But this was not even the first act. It has been the overture.