Abstract

History shows convincingly that major transformations coincide with periods of crisis or wars. Many aspects of the contemporary world and US economy point to a possible crisis, in particular financial instability, and domestic and external imbalances. Neither hyperinflation nor deflation appear as likely issues. The consolidation of neoconservative authoritarism appears as a potential answer. Fortunately, there is a substantial opposition which can be mobilized against such trends. There are to ways of addressing the problem of alternatives. One is suggested by the directions taken by oppositional movement, now on the rise. The second is critical analysis. But analysis also points up exploitable contradictions within the neoliberal and neoconservative agenda.