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"The attack on organised labour and working people in Europe, Japan and the USA, through intensification of labour, wage repression and cuts in social spending, was on its own nothing like enough to allow capitalism to escape from the systemic crisis of the 1970s. The most important contribution to the resumption of capitalist accumulation in its heartlands was the surplus-value extracted from hundreds of millions of workers in the export-oriented industries of the Third World (or Global South) and captured by imperialist transnational corporations (TNCs) and their suppliers as profits and by imperialist states through taxation. Once again, systemic crisis propelled capitalism along an imperialist trajectory. . ." full at: https://rdln.wordpress.com/2017/01/26/imperialism-and-the-capitalist-offensive-in-the-first-and-third-worlds/ _________________________________________________________ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: http://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
