Date: Thu, 25 Jul 1996 10:30:34 -0500
From: dhenwood-AT-panix.com (Doug Henwood)
Subject: Re: The death agony of capitalism


At 1:52 PM 7/25/96, Hugh Rodwell wrote:

>If we view the current epoch as Marxists, from, say, 1914 (1905 would serve
>as well), we can see that the crises that have recurred with fearsome
>regularity have been very deep and each one of them potentially terminal
>for capitalism (WWI, October, British General Strike, 1927 Chinese
>revolution, Great Depression, Germany 1933, Spain, WWII, postwar
>independence and revolutions especially Yugoslavia and China, the Korean
>war, Suez, Hungary 1956, nationalism and dictatorships in Latin America and
>the Middle East, Cuba, Vietnam, Iran, Nicaragua, imperialism slamming into
>a brick wall in the late 1980s, the collapse of Stalinism (including
>Yugoslavia) destabilizing the world status quo -- this is a terribly
>abbreviated selection).

Aside from including "the collapse of Stalinism" in a list of crises for
capitalism and imperialism, note that your list gets very vague starting
around 1980 - the onset of Reagan, Thatcher, and Volcker.

Imperialism "hit a brick wall"? Oh. The IMF dominates economic policy in
about 120 countries. They're trading stocks in Shanghai, and China's been
the top target of foreign investment over the last couple of years. The ANC
government in South Africa has embraced neoliberalism passionately. Could
you name a few of those bricks for me?

Doug

--

Doug Henwood
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