Crisis

Crisis is an elusive term, as the controversy surrounding its causes and cures have always been unsettled among the constituents of a society. Despite its elusive nature, acknowledgment of a crisis is based on a shared view among the constituents of a system that the existing economic system cannot be reproduced without substantial reforms or displacement of the existing system. Crises thus provide society with critical junctures for progressive development as they loosen up existing negative lock-ins within the system. Recurring economic crises since the 1990s and unsettled debates over their causes and cures have presented us with opportunities to reflect on the future trajectories of capitalism as well as the substantial challenges to face with regressive aspects of the global society.

Understanding the discursive nature ...