The Limits of International Reform


  • Harry Magdoff



Political Economy


Even the best of reform movements tend to foster illusions. And the proposed New International Economic Order is no exception. Justifiably dissatisfied with the traditional international economic order and the practices of the imperialist powers, the leaders of the Third World have been energetically pressuring for a New Deal—one which its advocates hope and expect will eventually result in a more equitable distribution of wealth between rich and poor countries. The very unification of Third World nations around a common program—and especially one that recognizes a basic conflict of interest between the center and periphery—is undoubtedly an important step forward and may even mark the beginning of a new phase in the history of imperialism. At the same time, the rationalization and rhetoric advanced in promoting the program raise false hopes about what can in fact be accomplished within the framework of the imperialist system.





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