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As we go into 2009, world capitalism is experiencing its worst economic crisis since the 1930s.  In some ways it may even be worse than that because, this time, every country in the world is affected.  In the 1930s, many very poor countries not closely integrated into world markets did not feel the sharp collapse of the capitalist system that was dominant in Europe, North America and Japan.  But since the Second World War, and particularly in the last 25 years, 'globalisation' has brought India, China, Latin America, nearly all Asia and much of Africa fully into the capitalist nexus.  So no country can escape the terrible slump that world capitalism entered in the latter part of 2008 and will continue to grind down through this year.