Sartesian makes several very important points. Interesting also to note that Starrs’ views largely coincide with those of Michael Roberts, who I highly regard even if not wholly convinced by his insistence on the tendency of the rate of profit to fall.
Sean Starrs from Kings College, London then provided a refreshing counter-balance ( https://thenextrecession.wordpress.com/wp-content/uploads/2023/09/starrs-iippe-madrid-1.pptx ) to the hype that US imperialism and the dollar is soon about to lose its dominance in the world economy. In his presentation, he pointed out that most of China’s key exports were made by foreign companies (70%), not Chinese companies; and that most of the profits from China’s exports were realized in the imperialist bloc, not in China (this is something that G Carchedi and I also found in our work on the economics of modern imperialism ( https://thenextrecession.wordpress.com/2019/11/14/hm2-the-economics-of-modern-imperialism/ ) ). Moreover, China is not yet a serious contender to the US in the technology industries globally, despite the hype. The US remains the dominant techno power and also holds most of the personal wealth in the world (45% unchanged in the last two decades). https://thenextrecession.wordpress.com/2023/09/09/iippe-2023-part-one-the-end-of-us-hegemony/ -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#35380): https://groups.io/g/marxmail/message/35380 Mute This Topic: https://groups.io/mt/111336789/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: marxmail+ow...@groups.io Unsubscribe: https://groups.io/g/marxmail/leave/13617172/21656/1316126222/xyzzy [arch...@mail-archive.com] -=-=-=-=-=-=-=-=-=-=-=-
