The Dialectic in Action!
Could the destabilizing excesses of the past two decades only have been possible because of the collapse of world socialism? Did the existence of a flawed competition is curb the essential nature of capitalism? If this financial crisis had happened during the cold war, the people who destroyed our economy would have been guilty of treason, and deserving the death penalty.
posted by georgieporgie at 10:52 AM
2 Comments:
Since the devasting West stag-flation - as well as the Latin American hyperflations of the 70s - took place at the height of the Brezhnev era, your premise seems to be asking the dialectic to do a lot of heavy lifting.
My sense is that the crises of the seventies were just so many love-nips compared to the bazooka in the gut that we are facing right now...
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