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New Left Review I/54, March-April 1969


Ernest Mandel

Where Is America Going?

Today, profound forces are working to undermine the social and economic equilibrium which has reigned in the United States for more than 25 years, since the big depressions of 1929–32 and of 1937–38. Some of these are forces of an international character, linked with the national liberation struggles of the peoples exploited by American imperialism—above all the Vietnamese Revolution. But from the point of view of Marxist method, it is important in the first place to stress those forces which are at work inside the system itself. This essay will attempt to isolate six of these forces—six historic contradictions which are now destroying the social equilibrium of the capitalist economy and bourgeois order of the United States.

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