The so-called axis of convenience between the Soviet Union and the Third World was not as evident as she thought in a way now that I'm thinking about it we never actually mentioned the Soviet Union as related to key decisions by by OPEC. Thatcher really was thinking with that statement is that that moment was a weakening of the effort of Third World countries to generate some kind of state-driven development. Maybe for Thatcher any state- driven development was equated with communism was something that smelled of communism orsomething like that.
Featuring Giuliano Garavini on his book The Rise and Fall of OPEC in the Twentieth Century. The second in a two-part series on the 20th-century history of petrostates, petrocapitalists, and the world system.
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