Chris Hedges: ‘The system of global capitalism is breaking down’

hedges1of1 "The system of global capitalism is breaking down. It is no longer able to expand the way it did in the past. It has consolidated wealth into the hands of a tiny, global, oligarchic elite.

More importantly, the ideological foundation of unfettered, unlimited capitalism is losing its hold on the imagination of large numbers of people who are not benefiting from this global system. And you see it in terms of people turning against their political elites.

For example, the approval rating for the U.S. Congress is in the single digits, and voter turnout is at all-time lows. That there is something seismic happening below the surface is undeniable. When it will play out, how it will play out, what it will look like – having covered these things in the past – it is impossible to predict."

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