4
WTF Happened In 1971?
(wtfhappenedin1971.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 28 Apr 2024
4 points (54.5% liked)
Collapse
3237 readers
2 users here now
We have moved to https://lemm.ee/c/collapse -- please adjust your subscriptions
This is the place for discussing the potential collapse of modern civilization and the environment.
Collapse, in this context, refers to the significant loss of an established level or complexity towards a much simpler state. It can occur differently within many areas, orderly or chaotically, and be willing or unwilling. It does not necessarily imply human extinction or a singular, global event. Although, the longer the duration, the more it resembles a ‘decline’ instead of collapse.
RULES
1 - Remember the human
2 - Link posts should come from a reputable source
3 - All opinions are allowed but discussion must be in good faith.
4 - No low effort posts.
Related lemmys:
- /c/green
- /c/antreefa
- /c/gardening
- /c/nativeplantgardening@mander.xyz
- /c/eco_socialism@lemmygrad.ml
- c/collapse@sopuli.xyz
- /c/biology
- /c/criseciv
- /c/eco
founded 4 years ago
MODERATORS
For an actual explanation for what happened in 1971, economically and monetarily at least, go ahead and read Michael Hudson's Superimperialism and Global Fracture. Superimperialism was so prescient at its original publishing that the US government itself used the book and the theory as a manual on how to be better superimperialists right back around 1971, and hired Hudson as a consultant.
I won't comment on the fascist economics presented in the linked website.
LibGen » PDF
I just read Imperialism: The Highest Stage of Capitalism and I was thinking how US hegemony kind of fulfilled Kautsky's idea of ultra-imperialism, i.e. an imperial cartel of imperial powers that allows total international banking collaboration, but how Lenin was still proved right by the fact that war continued to happen even after the imperialists consolidated their financial empires. War isn't just caused by inter-imperial conflict, imperialism itself requires war to generate superprofits and requires underdevelopment to partake in superexploitation.
Might have to check Superimperialism out.
From my reading Hudson's Superimperialism is an more an extension of Lenin's Imperialism, based on how material conditions had evolved over the interim fifty years and the lessons learned from (at initial publication) the first generation or so of US dollar hegemony. To simplify it maybe too much, it adds a monetary dimension to the already established framework of finance capital being the driving force behind imperialism.
Superimperialism is indeed the same English term often used for Kautsky's Überimperialismus hypothesis. Yet apart from the initial parallel of a global cartel, ie. dollar hegemony, I don't see much of Kautsky's ideas represented in Hudson's work, but I'm also not terribly familiar with überimperialism.