The Ukraine crisis is not the cause but a consequence of the general crisis of global capitalism.
during the 2010s at the same time that corporate investment declined. Along with militarized accumulation, the TCC has turned to unprecedented levels of financial speculation and to debt-driven growth to sustain profit-making in the face of the crisis. If left unchecked, overaccumulation results in crisis — in stagnation, recessions, depressions, social upheavals and war — just what we are experiencing right now.
The transnational elite, led by Washington, have had to conjure up one enemy after another to legitimate militarized accumulation and deflect crises of state legitimacy and capitalist hegemony onto external enemies and contrived threats.
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