At the same time that the US and British were plotting against Mosidek in response to Iran's nationalization of oil, Britain's labor government at home was nationalizing industry. Ultimately, and we'll get into this period later, but ultimately neoliberalism would break down this divide between the social democratic policies allowed in the Metropole versus the raw capitalist dominance that neo-colonial powers imposed upon the periphery. This is something I discussed a while back with Kojokorama on the podcast. But what did the existence of this division reveal about how the world system was developing? What did that divide reveal about how liberal capitalist democracies requiring these backstage zones of authoritarian energy expropriation?
Featuring Giuliano Garavini on his book The Rise and Fall of OPEC in the Twentieth Century. The first of a two-part series on the 20th-century history of petrostates, petrocapitalists, and the world system.
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