[lbo-talk] Obama's Wall Street ass lick: cause and effect

Carrol Cox cbcox at ilstu.edu
Thu Feb 11 19:43:06 PST 2010


Eubulides wrote:
>
>
> There is no periphery or semi-periphery any more. There are no emerging
> markets. It is 2010 and clinging to the counternarratives of 20-30+
> years ago no longer perform interesting explanatory work.

This is another way of saying there is an 'Empire' of Capital but no longer any U.S. empire_or_ Chinese Empire or Euro-Empire or ......

No empire 'collapsed,' but simply merged into that world empire of capital -- for which the U.S. is currently acting as global cop. There are areas of greater misery (China being one so far as I know, and Brazil, and India -- though there are alsolarge sectors of the same areas that flourish. (One could say that both the center & the Periphery are everywhere!)

Carrol



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