U.S. Imperialism in the 1990s

Authors

  • Paul M. Sweezy

DOI:

https://doi.org/10.14452/MR-041-05-1989-09_1

Keywords:

Imperialism

Abstract

I would like to argue the following propositions: (1) the U.S. empire took shape and achieved undisputed dominance in the world capitalist system in the late 1940s and early 1950s. (2) Symptoms of decline, both internal and external, began to appear in the early 1960s, culminating in the recession of 1973-74 and the defeat in Vietnam. (3) Decline continued in the second half of the 1970s, both internal and external. (4) The Reagan era (1980-88) was characterized by an unsuccessful attempt at a comeback, ending in further decline and disarray. (5) The 1990s will witness the disintegration of the worldwide U.S. empire and its probable replacement by a system of competing trade-and-currency blocs. I will comment briefly on each of these sub-periods, concentrating on major trends and developments but eschewing any attempt at a systematic, let alone comprehensive, analysis.

Published

1989-10-01

Issue

Section

Review of the Month