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Polycrisis or Crises of Capitalist Social Reproduction

Kanishka Jayasuriya argues that polycrisis is a helpful descriptive term for the novel, intersecting crises of the 21st century, but it should be understood as a political crisis arising from the contradiction between capital accumulation and the social reproduction (the conditions of life) on which capitalism depends. Established political frameworks are unable to manage the […]

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Global Polycrisis: The Causal Mechanisms of Crisis Entanglement

The authors translate polycrisis from a loose concept into a research agenda by providing the concept with a substantive definition, highlighting its value-added in comparison to related concepts, and developing a theoretical framework to explain the causal mechanisms currently entangling many of the world’s crises. In this framework, a global crisis arises when one or

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The Hard Right and Climate Change are Intimately Linked

George Monbiot argues that a vicious cycle is emerging between the rise of the political right, roll-backs of environmental policy and protections, increased migration, and worsening discrimination against refugees. “As millions are driven from their homes by climate disasters, the extreme right exploits their misery to extend its reach. As the extreme right gains power,

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Can Democracy Survive the Polycrisis?

George Soros argues that there are three main sources of the polycrisis (in order of importance): artificial intelligence, climate change, and Russia’s war on Ukraine. AI poses a “mortal threat” to open societies via disinformation, and it provides closed societies new instruments of surveillance and control; climate change threatens to make large areas uninhabitable; but

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Welcome to the Great Unraveling

Welcome to the Great Unraveling: Navigating the Polycrisis of Environmental and Social Breakdown

Asher Miller and Richard Heinberg define polycrisis as “the tangles of global environmental and social dilemmas that are accumulating, mutually interacting, and worsening” and argue that the present polycrisis indicates humanity is entering “the Great Unravelling” in which compounding crises threaten the vital systems of human civilization. Unravelling environmental threads include global warming, biodiversity and

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Investing in the Age of Polycrisis

This article by the Head of Multi-Asset Funds proposes that the UK economy and global equities are potential losers of the polycrisis, while equities in healthcare, energy, and raw materials may be poised as winners, where polycrisis has spurred innovation and demand. It then considers the uncertain prospects for Japan’s monetary policy and its zero-inflation

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