The Crisis of World Capitalism and Emergent Powers

Abstract

In this article we analyze the development of the world capitalist economy and its contradictions. Rather than the uncontested protagonism of capital, the United States and neoliberalism, what we find is that the base of their leadership is continually weakening. We argue that a space is opening
up in the world economy for a strong offensive on the part of peripheral countries with relatively high levels of development and continental dimensions: what we call the BRICAS. This offensive depends, however, on a favorable political orientation and the creation of counter-hegemonic leaders.