Isn’t it applicable? We’ve been hearing for years about Russia “rising up from the knees” and how USA/Europe are rotting down and will collapse into irrelevancy aaaany day now. The former became something of a meme even. And for what? It seems that every day we’re getting news about yet another something that we thought was completely local production that in fact relied on important. Sure, Europe is going to have a harder time living the same life as before, with the costs for electricity and other resources rising. But the bourgeoisie in the USA doesn’t appear to be bothered. They’re growing richer. Frankly so does the bourgeoisie elsewhere. I’m not sure what they could pull off that would help them as much as Bretton Woods had, but I wouldn’t put it past them to make something up
In Debray (Revolution in the Revolution? Armed Struggle and Political Struggle in Latin America), there’s a hint that it’s not necessarily a bluff (although that is a factor); it’s also that revolutionaries get their hopes up too soon when they hear that their actions are working, which leads them to slow down, etc, which gives away the advantage. I realise I didn’t quite say this in my first comment; I’m only seeing the subtlety after your and Yogthos’ criticisms.
Isn’t it applicable? We’ve been hearing for years about Russia “rising up from the knees” and how USA/Europe are rotting down and will collapse into irrelevancy aaaany day now. The former became something of a meme even. And for what? It seems that every day we’re getting news about yet another something that we thought was completely local production that in fact relied on important. Sure, Europe is going to have a harder time living the same life as before, with the costs for electricity and other resources rising. But the bourgeoisie in the USA doesn’t appear to be bothered. They’re growing richer. Frankly so does the bourgeoisie elsewhere. I’m not sure what they could pull off that would help them as much as Bretton Woods had, but I wouldn’t put it past them to make something up
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Good points.
In Debray (Revolution in the Revolution? Armed Struggle and Political Struggle in Latin America), there’s a hint that it’s not necessarily a bluff (although that is a factor); it’s also that revolutionaries get their hopes up too soon when they hear that their actions are working, which leads them to slow down, etc, which gives away the advantage. I realise I didn’t quite say this in my first comment; I’m only seeing the subtlety after your and Yogthos’ criticisms.