Global System Collapse and a new Post-Recession Settlement

A wide range of research points towards a perfect storm of crises in the global political economy, unprecedented both in scale and urgency, that signals the unravelling of the current neoliberal world order. In its place we see a broad scope of political ideology returning to the fore of mainstream politics, most particularly the extreme-right and Fascism, across developed and developing countries alike. This paper argues that to avoid existential catastrophe, pathologies must be suitably identified, understood and addressed in a post-Recession global settlement. To do so, the article identifies and outlines the points of interconnectivity between three major existential crises in global finance, the global socioecological systems, and international labour/migration. Following this, the article examines the effectiveness of two holistic approaches to addressing these crises: the United Nations Sustainable Development Goals and the Green New Deal, before examining the possible nature of a new global settlement that might scale-up efforts to realizing a sustainable political economy before it is too late to respond.