Abstract
Purpose – The multifaceted civilization crisis which we are witnessing, generates disproportionately weak defense responses on a global scale. The study aims to show that the essential cause of this state of affairs is the institutional architecture, designed in the course of the evolution of the capitalist system. Research method – The article refers to the institutional analysis of the capitalist socio-economic system, and in particular of the impact of institutions specific to this system on its evolution. Results – The conclusion includes arguments concerning possible variants of remedial measures to eliminate or reduce threats to the system durability. Originality /value / implications /recommendations – The study justifies the importance of attempts to change the current system of the global economy and indicates potential barriers in the way of saving our civilization.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
