[lbo-talk] recessions: better for right than left

[Carrol Cox]

And that erostion is in part illusory, in so far as the 'advanced' or
'core' capitalist nations no longer 'compete' for hegemony. In fact
Germany, France, UK, China, Japan, Russia have in part 'turned over' to
the U.S. the task of maintaining global order in the capitalist system. 

Carrol

Doug Henwood wrote:
> 
> On May 18, 2010, at 11:02 AM, dredmond at efn.org wrote:
> 
> > The US dollar is getting a temporary lift from the crisis, but
> > that's not
> > the same thing as US hegemony, which is gone.
> 
> No it's not. It's eroding over many decades, but it's far from gone.
> 
> Doug