The fall of the Berlin Wall and the first war of President Bush against Iraq shaped the world of the 1990s: The world of a single superpower, a single market, and a single political religion, neoliberalism.

Today, we are experiencing the deconstruction of this world. The throne of the dollar creaks, oil soars, and the global recession is evolving into an endemic threat. The second war of President Bush in Iraq, instead of bolstering American supremacy, accelerated its erosion.

The chimera of "globalization" gives way to new walls, in Baghdad, in Ramallah, and in Rio Grande. Peter Papaconstantinou approaches late capitalism from three converging paths: History, political economy, and international relations.

He argues that the latent crisis is transforming the system into a kind of totalitarian capitalism. However, it also creates the possibility of a democratic overturn, which can counter the threats to freedom, global peace, the biosophy of the planet, and the culture of social man.

[Excerpt from the text on the back cover of the edition]