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Post-Capitalist Pessimism

Faced with a choice between parasitic capitalism and emerging neo-fascism, it is no wonder that Western societies are increasingly pessimistic. While pessimism has pervaded previous eras, today's mood is sustained, and partly defined, by the absence of a redemptive vision.

LONDON – In 2003, the literary critic Fredric Jameson famously observed that “it is easier to imagine the end of the world than the end of capitalism.” For the first time in two centuries, he noted, capitalism was viewed as both destructive and irreversible. Waning faith in the possibility of a post-capitalist future has nurtured deep pessimism.