Capitalism on the Edge: Subversion and the Political Economy of Trust

This article analyzes the contemporary evolution of capitalism, moving away from the traditional perception of crisis as a transitory phenomenon toward a permanent mechanism of governance. The author, Albena Azmanova, highlights the transformation of the state's role—from a welfare state, through neoliberalism, to the "rich uncle" model supporting market leaders. A key element of the argument is the concept of subversion and decommodification as tools for systemic change. Instead of revolutionary upheaval, the text proposes radical pragmatism and building institutional trust through basic income and public services. This is a profound analysis of structural domination and precarity, forcing a reassessment of existing emancipatory strategies in the face of competitive pressures and the socialization of risks by contemporary political and economic systems.