The core – the periphery in global capitalism: from hegemony to multipolar order
The core – the periphery in global capitalism: from hegemony to multipolar order

Summary/Abstract: The article analyzes the present order, called neoliberal globalization. It servesAmerican corporations from the arms, mining, financial and ICT sectors to ccumulatethe capital. They made Wall Street the financial center of the world where the surplus ofEurope, Japan and Latin American is transformed into the American bonds. This order isembedded in the institutions created and steered by the American state. The competitiveadvantage in this phase of the evolution of capitalism is given not only by control overso-called intellectual property but also by conquering a possibly large market. That is thereason for the competition between huge mega-corporations such as American GAFA orChinese BATX. Capitalism is affected by the planetary crisis. A decline of the economicgrowth rate will take place as a result of natural limits from 3% to the anticipated 1%,including a decreased productivity of the computer revolution. Mechanisms of the functioningof the world economy will change: reconstruction of energy industry and transport, pressureon recycling of minerals, transformation of the labour market together with the use ofrobotics and artificial intelligence, the end of consumptionism. The daily issues includethe problem of supplementing economic globalization with a political control mechanismand including a new civilizational power, which China is becoming. The latter opt fora multipolar order, where local civilizations will preserve their separate character and wherethey will be able to create a system of supplying their economies with deficit raw materialand outlets but without military bases and without following the USA in recognizing certainareas to be the “zones of vested interests”. The world will be different but will it be worse?

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