The global market displaces a variety of economic subcultures, enforcing a relentless logic of impersonal transactions that have led to a crisis of capitalism and the specter of its own unraveling.
Nope, too simplistic. Other factors are at play, some of which were contingent.
The past few hundred years of liberalism have simultaneously been the period when we found and used fossil fuels. Those won't be there the next time. Without almost-free fuel, would markets have gone global?
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