We seem to be in the midst of a process of cascading bifurcations that may last some 50 more years. We can be sure some new historical order will emerge. We cannot be sure what that order will be. Concretely, we may symbolize the first bifurcation as the effect of the world revolution of 1968 which continued up to and including the so-called collapse of the communisms in 1989, the social bifurcation.
Immanuel WallersteinIt is this third consequence that has been elaborated in greatest detail and has formed one of the most significant pillars of historical capitalism, institutional racism.
Immanuel WallersteinWhat could me more plausible than a line of reasoning which argues that the explanation of the origin of a system was to achieve an end that has in fact been achieved?
Immanuel WallersteinCommunism is Utopia, that is nowhere. It is the avatar of all our religious eschatologies: the coming of the Messiah, the second coming of Christ, nirvana. It is not a historical prospect, but a current mythology. Socialism, by contrast, is a realizable historical system which may one day be instituted in the world.
Immanuel WallersteinThe concept that one ought to restrict one's political involvement to one's own state was deeply antithetical to those who were pursuing the accumulation of capital for its own sake.
Immanuel WallersteinProduction for sale in a market in which the object is to realize the maximum profit is the essential feature of a capitalist world-economy. In such a system production is constantly expanded as long as further production is profitable, and men constantly innovate new ways of producing things that will expand the profit margin.
Immanuel Wallerstein