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The Endless Crisis

Metadata

  • Author: [[John Bellamy Foster and Robert W. McChesney]]
  • ASIN: B00ADNZXPG
  • Reference: https://www.amazon.com/dp/B00ADNZXPG
  • Kindle link

Highlights

In the mid–1970s the U.S. economy slowed down drastically, ending a period of rapid expansion that had been fueled by: (1) the buildup of consumer liquidity during the war; (2) the second great wave of automobilization in the United States (including the construction of the interstate highway system); (3) a period of cheap energy based on the massive exploitation of oil; (4) the rebuilding of the war-torn European and Japanese economies; (5) two regional wars in Asia, and Cold War military spending in general; and (6) a period of unrivaled U.S. hegemony. — location: 352 ^ref-3528

the main constraint on accumulation is not that the economy is not productive enough, but rather that it is too productive. — location: 799 ^ref-44535

the focus has been increasingly on China as the means of lifting the world economy. — location: 3373 ^ref-10873