The 'globalization' myth, US hegemony, and crisis of capitalism, with Radhika Desai
Geopolitical Economy Report
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The History of Capitalism
In your book you provide a rather comprehensive analysis of the historical development of capitalism in its various phases. You argue that the peak of capitalism was actually not neoliberalism it was 1914 and since then we've been living in a monopoly stage of decay. After World War II you saw the golden age or a long boom of capitalism, but only the speculative and parasitical financial sectors prospered during this era. The neo-liberal capitalist world failed to subordinate China and Russia as newly emerging powerhouses.
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