ARCHIVE: End of the Megamachine-How Capitalist Crisis Has Resulted in a Failing Civilisation

ARCHIVE: End of the Megamachine-How Capitalist Crisis Has Resulted in a Failing Civilisation

FIRST AIRED: 07/04/2021.

We speak to Fabian Scheidler, author of ‘The End of the Megamachine.

A Brief History of a Failing Civilisation’ (https://www.megamaschine.org/en/).

He discusses why capitalism is in terminal crisis due to its continuous growth model, why he classifies human civilisation as a failing civilisation, how capitalism will likely not go through a sudden collapse but rather transition into something else, how crises such a climate change and coronavirus continue to break capitalism, the role of neoliberalism in accelerating capitalism’s collapse, capitalism’s reliance on 70% of the world being cheap labour, the role of regime change and debt in keeping nations poor and more!