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Alongside other crises, the Covid pandemic is contributing to growing uncertainty in the capitalist world. Together with economic devastation, including an assault on the wages and conditions of the working class, proxy wars are multiplying and becoming more intense, with the threat of increasingly generalised wars on the horizon. In the meantime, the major imperialist powers, calculating the significance of these wars, are defining their tactical-strategic objectives in a kaleidoscope of oscillating alliances. They are as comfortable today in these economic and military pacts with yesterday’s enemies as if they had been allies all along.