Economic Update: How US Capitalism Uses Nationalism
- May 3, 2021
A weekly show focusing on the economic dimensions of everyday life and alternative ways to organize our economy and politics, with Prof. Richard D. Wolff.
- Author
From 1945 to 1990 we were told a great struggle pitted capitalism against socialism/communism (chiefly the USSR and China). Yet still today, US leaders demonize Russia and China despite the end of communism in the USSR and a huge growth of capitalist enterprises in China. The explanation lies in US capitalism’s long history of using nationalism (i.e. foreign dangers) to justify tax-payer funded government actions to protect, subsidize and support major capitalists’ dominant position in the US economy.
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Source URL — https://roarmag.org/2021/05/03/economic-update-how-us-capitalism-uses-nationalism/
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