Jack Rasmus discusses the main long- term trends of US & global capitalism over the past 4 decades. He includes the chronic slow growth of the decade 2010-19 following the great recession and financial crash of 2007-10. Then there are the structural changes wrought by the Covid fallout. Lastly, he describes the restructuring of the global economy occurring as a consequence of the Ukraine war and sanctions. This has led to chronic high inflation, growing recession, rising interest rates, the failure of traditional fiscal-monetary policies, global currency volatility, financial markets’ fragility, and destabilizing technological change.