Eleanor Arnason pontificates on the current world situation by looking at what Immanuel Walterstein had to say.
First, he argues that capitalism — for all that capitalist thinkers thunder against government interference — needs national governments. [Read on]
Now that is a very contrary position to what most of today's free marketeers would say. I think he has a point because I have always felt that same thing.
Though his understanding of chaos theory seems a little suspect, I think he has some relevant points to make.