Download PDF by Samir Amin: Beyond US Hegemony?: Assessing the Prospects for a
By Samir Amin
Samir Amin rejects the concept that the present kind of neoliberal capitalism is an inevitable destiny for humanity. He analyzes trends in the US, Europe and Japan, the emerging powers of China and India, the most likely destiny trajectory of post-Soviet Russia, and the constructing global. He explores no matter if different hegemonic blocs may possibly emerge to circumscribe American energy, and strength unfastened marketplace capitalism to regulate to calls for except its slim relevant financial good judgment. He identifies the foremost international campaigns that he feels progressives should still release, and warns that there's no replacement to profitable political power.
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Extra resources for Beyond US Hegemony?: Assessing the Prospects for a Multipolar World
But, conversely, the emphasis placed on light industry and services since cannot last indeﬁnitely, as China is still at a stage that requires expansion of its basic industries. The issue of openness – that is, participation in the international division of labour and all other aspects of economic globalization (recourse to foreign capital, technology imports, membership in the institutions that run the global economy) and even ideological and cultural globalization – cannot be resolved through the kind of extreme polemical opposition between openness and closure to which dogmatic supporters of neoliberalism usually try to reduce the debate.
The former recognizes only two fundamental values: private property and liberty (understood as the liberty to use property free from any constraint). The latter recognizes a value of equality, whose conﬂict with the value of liberty has to be managed through certain constraints on property (which the French Revolution then replaced with ‘fraternity’). The contrast between these two ideologies is actually at the heart of the contradiction between Europe and the United States, which should not be located at the level of a conﬂict of interests within dominant capital, since a collective triad imperialism (USA, Europe, Japan) has taken over from the imperialism of earlier history.
Investment of Japan’s external trade surplus in the United States always struck me as a sign of weakness rather than strength, for it was the result of economic policies imposed by Washington, in order to force a subaltern ally to ﬁnance, and offset, the inadequacies of its ‘rival’ and master. In just the same way, the EU’s surplus today is the result of deﬂationary policies within the EU that serve to enhance North American interests, allowing Washington to pursue an expansionist policy without sufﬁcient means of its own to fund it.
Beyond US Hegemony?: Assessing the Prospects for a Multipolar World by Samir Amin