Greetings Economists,
On Jun 18, 2008, at 3:47 AM, Max B. Sawicky wrote:

Whether "revolutionary immiseration" leads to revolution anywhere is another story. Revolution proves to be a pretty rare event. Instead you have imperfect vessels of rebellion everywhere. How to deal with them is the usual problem.

Doyle;
China is the best example of immiseration but should be viewed in a two hundred year frame. During one hundred years of the 20th century China and Russia both went through revolutions. China's gauge was the preceding 19th century build up including the Taiping rebellion. The revolution (overthrow of previously existing social structures) did arise from immiseration in China. The Chinese themselves saw this as a sort of 'nationalist' weakness. Revolutions appear then to be rather frequent during the 20th century.

The failure of U.S. power since 1989 is also in the context of globalization. If I look at Africa for example, they look rather like China before the first overthrow of the dynasty by Sun Yat-Sen. I'm referring to the extreme poverty, multiple ethnic divisions leading to rebellions and large scale slaughter etc.

How fast could lack of development be changed?
Thanks,
Doyle Saylor
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