"While the balance of class power remains heavily tilted in favour of capital in its homelands, the balance of international power is tilting markedly away from capitalism, driving all outside the charmed circle of the United States, Europe, Japan and the settler colonies bit by bit, with advances and reverses, steadily away from the major capitalist countries and probably, from capitalism. This process began with the Russian Revolution and, after the reverses of the 1990s, resumed in the new century as an alliance of countries seeking to assert their economic and security sovereigntyâincluding Russia, Venezuela, Cuba and Iranâbegan forming with China as its economic centre. The pandemic and the war have accelerated these processes. The United Statesâ proxy war on Russia acts as a prism that refracts the key elements of the underlying unfolding of the geopolitical economy of capitalism and socialism. It constitutes a resumĂ© of the state of the United statesâ-declining imperial project, of the balance between US capacities and the possibilities and constraints imposed by the worldâs geopolitical economy."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Radhika Desai, Capitalism, Coronavirus and War: A Geopolitical Economy. . 2022. p. 179
https://en.wikiquote.org/wiki/Capitalism
Revision History
No revisions have been submitted for this quote.
Categories
Capitalism
269 quotes on TrueQuotesView all quotes by Capitalism â
Related Quotes
"Ignorance alone stands in the way of Socialist success. The capitalist parties understand this and use their resourceâŠ"
"We are going to have to live more economically than we do. And we can do that and, I believe we will do it more happiâŠ"
"Capitalism is the exploitation of man by man. Yes? Well socialism is exactly the reverse."
"The economic impact of the UBI together with the three tax changes in the US would be roughly as follows. First, bankâŠ"
"We live in a contradiction, a brutal state of affairs, profoundly inegalitarian â where all existence is evaluated inâŠ"
"Trump would have us believe that these are our only two choices: We can either have smash-and-grab capitalism, where âŠ"
"'But whom do I treat unjustly,' you say, 'by keeping what is my own?' Tell me, what is your own? What did you bring iâŠ"
"The executive director of the World Food Program is calling for the worldâs billionaires to step up and help his orgaâŠ"
"The other story of capitalism, just as easily told, focuses on exploitation, violence, and unfathomable misery â it hâŠ"
"Socialism is not the invention of an individual. It is essentially the outcome of economic and social conditions. TheâŠ"