The Emerging New World Economic Order: Understanding the Shifts in Global Capitalism

🌍The end of neoliberal globalization and the rise of economic nationalism have reshaped the world economy.

💼The hybrid model of state-private capitalism has become the new norm, challenging the traditional division between private and state-owned enterprises.

🌏The economic power has shifted from the West to the East and the global South, leading to the emergence of new capitalist powers.

👩‍👩‍👧‍👦The working class in the West has been hollowed out, leading to growing inequality and social tensions.

🦅The American Empire has peaked and is now in decline, facing challenges from rising global powers.

What is the new world economic order?

—The new world economic order refers to the shifting dynamics of global capitalism, including the end of neoliberal globalization, the rise of economic nationalism, the hybrid model of state-private capitalism, and the decline of the American Empire.

How has neoliberal globalization changed?

—Neoliberal globalization has led to the outsourcing of jobs from the West to the East, resulting in the hollowing out of the working class in the West and the emergence of new capitalist powers in the East and the global South.

What is the hybrid model of state-private capitalism?

—The hybrid model of state-private capitalism refers to the combination of private and state ownership in the capitalist economy. This model has become the new norm, challenging the traditional division between private and state-owned enterprises.

What are the consequences of the decline of the American Empire?

—The decline of the American Empire has led to the loss of global influence, as rising global powers challenge its dominance. This has significant economic, political, and social implications, both domestically and internationally.

How does the shift in global capitalism affect the working class?

—The shift in global capitalism has resulted in the hollowing out of the working class in the West, leading to growing inequality, loss of jobs, and social tensions. The working class is facing new challenges and uncertainties in the changing economic landscape.

00:00In this video, we discuss the emerging new world economic order, characterized by the end of neoliberal globalization and the rise of economic nationalism.

05:30The working class in the West has been hollowed out, leading to growing inequality and social tensions.

09:00The hybrid model of state-private capitalism has become the new norm, challenging the traditional division between private and state-owned enterprises.

12:00The economic power has shifted from the West to the East and the global South, leading to the emergence of new capitalist powers.

16:00The American Empire has peaked and is now in decline, facing challenges from rising global powers.