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Fodla32

An Essay on The Revised Bretton Woods System

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I only read the extract, but is this article essentially saying that capitalism is going to be able to sustain itself into the foreseeable future?

 

Not good if we are hoping for a rise in class consciousness in the rich countries

 

 

Well, it's written in 2003, and that was a different world in many ways. I think the writers of this article certainly wouldn't look forward to the end of Capitalism.  I really posted it as a good analysis of the way that the USA uses it's imperial might - military and economic - to force everyone else to pay its bills.  Certainly, as long as other countries do that, the USA is quite secure. But, will countries like Britain and Germany allow themselves to be reduced to Greek levels of poverty and debt?  I doubt it.

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