SeventyTwoTrillion [he/him]

“Crises teasingly hold out the possibility of dramatic reversals only to be followed by surreal continuity as the old order cadaverously fights back.”

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Joined 3 years ago
Cake day: January 3rd, 2022
  • SeventyTwoTrillion [he/him]@hexbear.netOPtotheory@hexbear.net•Imperialism Reading Group - Super Imperialism, by Michael Hudson - Week 8 - April 7th to April 13th, 2025English
    9·
    15 days ago

    That bit at the end:

    “Free trade gave way to blocism and protectionism, and open investment policies to controls over international capital movements. American planners brought about precisely the drive for Soviet-style self-sufficiency that they had hoped to thwart. The isolation of Russia accelerated rather than removed its movement to become an independent national economy. It was the US economy that first became removed by the costs of the Cold War as Vietnam finally made it clear that the cost of pursuing a policy of economically isolating the Soviet Bloc was self-defeating.”

    My god, the present-day parallels (quite literally, American policies happening in the last week or so).

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