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Abstract

There has been an organic crisis in terms of governing the world-system. The United States and its vassal states (e.g. the European Union countries, the Commonwealth countries, and Japan) have been struggling to maintain the status quo of the capitalist world-system. Under these circumstances, it appears that the bourgeoisie of the core may have attempted to introduce a new project to preserve the status quo, which can be identified as fascism. For many years, there has been a liberal democracy, which is essentially an oligarchy. However, over the years, liberal democracy has deteriorated and failed to respond to the needs of the bourgeoisie of the core. This has led to the possibility of fascism being considered as a solution to the structural/systemic crisis of the capitalist world-system. Given these developments, it has been analyzed the situation of fascism in the 21st century in terms of the capitalist world-system in this study.

Keywords

democracy oligarchy polyarchy plutocracy fascism world-system political economy

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Reconfiguration of the Capitalist World-System: From Oligarchy to Fascism

Abstract

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