SURVEYING THE CRISIS: IS NEOLIBERALISM OVER? - Part 10
The penetration by American finance of foreign countries and the inflow of foreign capital into the U.S. has given it access to global savings, shored up its role as the greatest global consumer and...
View ArticleSURVEYING THE CRISIS: IS NEOLIBERALISM OVER? - Part 9
It measures, in one sense, the capacity of the U.S. ruling class to avoid further taxes themselves and to pass the burden onto the American working classes, which gives U.S. capitalists distinct...
View ArticleSURVEYING THE CRISIS: IS NEOLIBERALISM OVER? - Part 8
It has led to many misguided efforts of defining a supposedly "progressive agenda" for revitalizing American capitalism, advanced most recently by Joseph Stiglitz. But this reflects a severe...
View ArticleSURVEYING THE CRISIS: IS NEOLIBERALISM OVER? - Part 7
economy. The Democratic Party is usually seen as the obvious organizational vehicle in which such a program could be struck, despite its own linkages with Wall Street. On the other hand, with U.S....
View ArticleSURVEYING THE CRISIS: IS NEOLIBERALISM OVER? - Part 6
for some time (a variation of a wider theme in socialist theory of capitalism in terminal stagnation and decline). The American defeat in Vietnam, the economic turmoil of the 1970s, and the end of the...
View ArticleSURVEYING THE CRISIS: IS NEOLIBERALISM OVER? - Part 5
Many analysts on the Left have claimed that the crisis proves the U.S. empire is on the decline. But this ignores the continuing central-ity of the American state in global capitalism. The crisis...
View ArticleSURVEYING THE CRISIS: IS NEOLIBERALISM OVER? - Part 4
The shift in the balance of class forces (which would also come to mean a setback for social movements as a whole) was further encouraged by dramatic technological change, massive industrial...
View ArticleSURVEYING THE CRISIS: IS NEOLIBERALISM OVER? - Part 3
But almost as soon as the serious questioning of capitalism started receiving mainstream media attention, the financial storm eased. As 2009 unfolded, signs of recovery appeared after the unprecedented...
View ArticleSURVEYING THE CRISIS: IS NEOLIBERALISM OVER? - Part 2
Three decades of policies oriented to enhancing markets, freer trade, and "disciplining" workers and unions was meant not only to bring prosperity to all, but also greater economic stability. Each of...
View ArticleSURVEYING THE CRISIS: IS NEOLIBERALISM OVER? - Part 1
Even the briefest of tallies of the economic crisis causes one to stare in disbelief at the casualties as the wreckage is registered. It amounted to the worst recession in the core advanced capitalist...
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