The decisive event of the late twentieth century has been the collapse of communism and the perceived triumph of capitalism. Written by authors from the First, former Second, and Third Worlds, this book reveals the characteristics and flaws of the late capitalist order. The authors explore the societal polarisation produced by globalization, the crisis of Western ideology, and the soft financial underbelly of globalization that could well bring us to an economic collapse. The perspective of this provocative book goes beyond those of the traditional left and the relativist, anti-historical school of postmodernism to offer an entirely fresh view of the world order.