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When things are considered from the viewpoint of historical dynamics—the succession of various social orders in the history of capitalism, separated by structural crises—the occurrence of the contemporary crisis suggests a transition to a new social order, a new phase of modern capitalism beyond neoliberalism. But the mere repetition of historical events is not a convincing argument.
Only limited adjustments have been performed in the United States during the first stages of the crisis. The hypothesis here is, however, that major corrections must be expected in the longer run. Such rectifications should take the form of strengthened managerial