What is neoliberalism transforming into? This year’s Socialist Register identifies gaps in Marxist state theory by examining the ongoing, differentiated development of capitalism, from counter-revolutions in public finance and central banking, to changing economic policies under globalizing forms of contemporary fascism and trade in the midst of Trumpism. Puzzling through the rubble left behind, Late-Stage Capitalism? Accumulation in the Ruins highlights Sri Lanka’s confrontations with the IMF, examines authoritarian developmentalism in Korea, scrutinizes accumulation in Latin America, reveals the impact of de-dollarization on India, and zeros in on de-development in Palestine.