Re: [Marxism] Re: Tariq Ali on the US election

[Carrol Cox <cbcox@xxxxxxxxx>]

Ian Pace wrote:
>
>
> Do others of you believe realistically that the spiralling situation in the
> Middle East could lead to Islamic militants gaining power in Iraq and Saudi
> Arabia, precipitating an unprecedented oil crisis and subsequent depression

Those states would still want to sell their oil. It would be a huge
defeat for u.s. hegemony in the capitalist world, but it would not
necessarily create an oil crisis (or a crisis of capitalism).

Carrol


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