Saturday, November 15, 2008

"Obama's Victory - Fear and Hope" - Wallerstein

This is an important essay by theorist Immanuel Wallerstein.

Commentary No. 245, Nov. 15, 2008
"Obama's Victory - Fear and Hope"

The whole of the United States and indeed the whole world was watching, and almost all of it was cheering, the election of Barack Obama as the next president of the United States. Although, during the electoral campaign, everyone tried to play down the centrality of the racial issue, on Nov. 4 it seemed that no one could talk of anything else. There are three central questions about what most commentators are calling this "historic event": How important is it? What explains the victory? What is likely to happen now?

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These commentaries, published twice monthly, are intended to be reflections on the contemporary world scene, as seen from the perspective not of the immediate headlines but of the long term.]

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