The Debt Problem, European Integration and the New Phase of World Crisis
“The market crash of October 1987 and the tremor of 1989 both prompted speculation that some replay of the 1929 crisis was in prospect. When the markets recovered, a cry of relief went up: ‘The Crisis Is Over’. But in reality the crisis has persisted now for more . . .” read more
How Monetarism Has Choked Third World Industrialization
“The thirteenth of August 1982. The default of a major Third World debtor, long expected to be the overture to a world financial collapse, burst like a thunderbolt in a sky heavy with clouds. Mexico announced that it was suspending payments, and all the other major borrowers, and . . .” read more
Towards Global Fordism?
“Is the ‘industrialization of the Third World’ the spectre which now haunts old Europe? Certainly in the apologetic discourse of governments, as well as in the obsessional thinking of trade-union leaders, the resulting ‘unfair competition’ is at the root of the jobs crisis in the old industries. But . . .” read more
Marx or Rostow?
“Reading John Sender’s glowing introduction to Bill Warren’s ‘Imperialism, Pioneer of Capitalism’, I thought I could recognize several of the themes broached in my article on ‘Towards Global Fordism?’. But unfortunately, although Warren’s book has the great merit of identifying many weighty issues for Marxists in the dominated . . .” read more