[lbo-talk] Sole cause of all this woe?

[Mike Beggs]

On Thu, Feb 19, 2009 at 10:32 AM, C. G. Estabrook <galliher at uiuc.edu> wrote:


> "...the breakdown of the Bretton Woods system in the early 1970s is
> probably the major international event since 1945, much more significant in
> its implications than the collapse of the Soviet Union."
>
> --Noam Chomsky, February 10, 2009 <http://www.fpif.org/fpiftxt/5860>
>

Bretton Woods broke apart because of internal contradictions though, right?
He makes it sound like everything was working just fine, then a bunch of
people came along and deregulated everything for some reason and it all went
to hell.

Cheers,
Mike Beggs