[ANALYSIS] The race to build a new socio-economic system

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[ANALYSIS] The race to build a new socio-economic system
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Who will ride the tiger? Only the Left and the Right are serious contenders in this race to replace a dying neoliberalism.

When the world is mine.In response to the cataclysm occasioned by the coronavirus, 3 lines of thinking are emerging.is that the emergency necessitates extraordinary measures, but the basic structure of production and consumption is sound and the problem lies in determining the moment when things can return to “normal.

An eloquent example is the “Socialist Manifesto for a Post-Covid 19 Philippines” by the Laban ng Masa people’s coalition, a detailed list of short and long-term initiatives the introduction to which proclaims:The manner and disorder of these hegemonic players’ responses to the crisis proves beyond a shadow of doubt that the old order can no longer be restored and its ruling classes can no longer administer society in the old way.

The global financial crisis of 2008 was a profound crisis of capitalism but the subjective element, popular alienation from the system, had not yet reached a critical mass. Owing to the boom created by debt-financed consumer spending over two decades, people were shocked by the crisis, but they were not that alienated from the system during the crisis and its immediate aftermath.

This mass perception of astonishing elite incompetence is now connecting to the already deep-seated feelings of resentment and anger boiling over from the post-financial crisisIt is a whirlwind that is waiting to be captured byThe global establishment will, of course, try to bring back the"old normal.”

Among these truly radical alternatives are the already mentioned Green New Deal, democratic socialism, degrowth, deglobalization, ecofeminism, food sovereignty, and"Buen Vivir" on “Living Well.”The usual explanation for this is that people are “not ready for them.” In the global South, leadership of or participation in liberal democratic governments also led to left-wing parties being discredited when these coalitions adopted neoliberal measures that came under the rubric of “structural adjustment,” even as

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