Friday, January 12, 2018

Wolfgang Streeck — The Return of the Repressed

Neoliberalism arrived with globalization or else globalization arrived with neoliberalism; that is how the Great Regression began. [1] In the 1970s, the capital of the rebuilt industrial nations started to work its way out of the national servitude in which it had been forced to spend the decades following 1945. [2] The time had come to take leave of the tight labour markets, stagnant productivity, falling profits and the increasingly ambitious demands of trade unions under a mature, state-administered capitalism. The road to the future, to a new expansion as is always close to the heart of capital, led outwards, to the still pleasantly unregulated world of a borderless global economy in which markets would no longer be locked into nation-states, but nation-states into markets.
Wolfgang Streeck | Emeritus Director of the Max Planck Institute for Social Research in Cologne and Professor of Sociology at the University of Cologne

See also

Bullshit article of the day.

The US and UK overthrew the democratically elected government of Iran and installed the Shah. Would they try to do it again with his son?

The Diplomat
Why Iran's Monarchy Could Unite a Divided Country
How the Persian monarchy once saved — and may yet again save — Iran.
Akhilesh Pillalamarri

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