Well, here we are at the end of Day 1 of rebirth of the planned socialist economy. One thought that’s been lurking at the back of my mind for the past week or so is this: since the banking crisis has forced world capitalism to accept its limitations and, in the last resort, to surrender itself into the protective arms of the governments of nation states, I guess that’s about it for an unregulated global world economy, and in many ways, for the dream of globalisation. What, today, does ‘globalisation’ mean? Certainly not what it was widely thought to mean until about a month ago. If so, then we need to do some philosophy – or at least some re-evaluation of some philosophies which, until this all happened, were taken almost as givens.
So what is the intellectual stock value of Francis Fukuyma and Jean Baudrillard tonight? Both, in different ways, argued for ‘the end of history’ as the global economy took over the reins of the world from the hands of state management.
Perhaps today we’ve witnessed a point when history just ‘restarted’.