war and the state (was milton, etc.)

dredmond at efn.org dredmond at efn.org
Fri Aug 23 15:11:57 PDT 2002


Quoting Gordon Fitch <gcf at panix.com>:


> states arrived at the Soviet border. Meanwhile, had Lenin
> been unusually prescient, he could have proleptically imitated
> the Korean and Taiwanese models of national capitalism.

Post-WW II S. Korea and Taiwan are models of *multinational* capitalism. In 1917, there was (1) no Keynesianism in the rich countries to finance consumption (the gold/sterling standard and fiscal austerity was still the rule), (2) no containerized shipping to drive an export boom, and (3) no booming semiperiphery to export to.

-- Dennis

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