Re: Samir Amin: "Not a Happy Ending"

[Dennis R Redmond <dredmond@xxxxxxxxxxxxxxxxxx>]

On Thu, 27 Apr 2000, Louis Proyect crossposted:

> Conclusion to "Not A Happy Ending" by Samir Amin, published in Al-Ahram.
> http://www.ahram.org.eg/weekly/1999/462/samir.htm
>
> US HEGEMONY ATTACKS --THE 21ST CENTURY WILL NOT BE AMERICAN:
> There are no European TNCs: only British, German, or French TNCs. Capital
> interpenetration is no denser in inter-European relations that in the
> bilateral relations between each European nation and the US or Japan.

Nokia, Daimler, Renault, SAP, Deutsche Bank, BNP etc. all went global
decades ago. Eurocapital has been merging like there's no tomorrow. There
probably will be a tomorrow for this world-system, but it'll be
transacted in euros.

-- Dennis