Aufhebunga Bunga

On Giovanni Arrighi's Adam Smith in Beijing: Lineages of the 21st Century   [Patreon Tier II & III Exclusive]   We discuss the Part 2 of this landmark book from 2008, debating theories of Western economic decline: Robert Brenner's, and Arrighi's critique of it.   Points discussed: Are you 'Team Brenner' or 'Team Arrighi'? Was neoliberalism a counter-revolution? A passive revolution? A restoration? How does the depression of the 1870s compare to that of the 1970s or the post-2008 period? What are the characteristics of our own Belle Époque (1993-2007) What matters more in explaining the downturn: inter-capitalist global competition? Upward wage pressure? The role of the global South? Links: Adam Smith in Beijing: Lineages of the 21st Century, Giovanni Arrighi, Verso (2008)