I have not posted very many of his articles because I have seen him as more of a reformer of capitalism--you know, one of those people that believe that capitalism can be modified to perform in a socially just way. This delusional thinking is much like believing that a wolf can be trained to become a vegetarian.
He is a very eloquent writer and speaker, but so often in the past he has shed more moral heat than intellectual light on the subject of social justice. However, I believe this article of Hedges provides evidence that he has moved a bit away from the capitalist system.
He mostly uses the more acceptable terms of "globalization" and "corporate state", but he does finally use the term capitalism toward the end. Throughout the article he argues convincingly that capitalism (if you include the other terms he uses) is an irrational, faith-based type of economy. This is a giant step for him because it clearly implies that we can do better with another, more rational system, a system designed to serve all people.
They [the ideological proponents of globalism] embrace globalism because it, like most philosophical and theological ideologies, justifies their privilege and power. They believe that globalism is not an ideology but an expression of an incontrovertible truth. And because the truth has been uncovered, all competing economic and political visions are dismissed from public debate before they are even heard.