As I noted back in 2014, Immanuel Wallerstein, the great sociologist of capitalism in the late 20th century, has been writing about the instability of the ‘world system’ (a term he coined) for over 40 years. He believes that the ‘world system’ of capitalism has been in decline since about 1968, so that we are now in a transition phase. The new system will not necessarily be better for ordinary people. In an intriguing piece from May 2014 – “The center isn’t holding very well” – he says:
As our existing historical system is in the process of dying, there is a fierce struggle over what kind of new historical system will succeed it. Soon, we may indeed no longer live in a capitalist system, but we could come to live in an even worse system – a “rough beast” seeking to be born? To be sure, this is only one possible collective choice. The alternative choice is a relatively democratic, relatively egalitarian system, also seeking to be born. Which one we shall see at the end of the struggle is up to us, bottom-up.
Continue reading Towards civilising capitalism
Hardly, but he is certainly a severe critic of market capitalism. George Weigel sees his recent apostolic exhortation Evangelii Gaudium (The Joy of the Gospel) as
a clarion call for a decisive shift in the Catholic Church’s self-understanding, in full continuity with the teaching of the Second Vatican Council, Paul VI, John Paul II and Benedict XVI.
Austen Ivereigh begins his broader treatment this way:
The first teaching document mainly authored by Pope Francis, Evangelii Gaudium, is a bold and thrilling bid to send the Catholic Church worldwide on mission. Energetic, direct, lyrical, its language and style model the evangelization to which the Pope is calling Catholics. In sharp critiques and passionate prose, it polarises the choices faced both by the Church and the world, gently but insistently inviting people to opt for mission – and to a journey of transformation and reform.
Be sure to read, however, Travis Gettys’ Pope Francis rips capitalism and trickle-down economics to shreds in new policy statement. Continue reading Is the Pope a communist?