Re: [Pen-l] rallying behind the hegemon

[Doyle Saylor <doylesaylor@xxxxxxx>]

Greetings Economists,

On Feb 20, 2009, at 1:55 PM, Gernot Koehler wrote:

According to world systems theory (a la Wallerstein et al.), a transnational crisis like the present one should result in a complete unraveling and falliing-apart of the global political economy. However, the opposite appears to be happening. The G20 governments (in other words, the executive committees of the global elite / bourgeoisie) are rallying behind their hegemon.

Doyle;

It seems to me premature to say this.  What sort  of international cooperation does this amount to?  The obvious point is that the 'hegemon' has a power structure that is shifting and the end of this is by no means revealed.  Certain sorts of questions remain difficult to sort out.

Mostly saying this sounds to me as whistling past the graveyard.  In other words it seems likely one could not say this much past now before it sounds like trying to staunch fear by appeal to delusions.

thanks,

Doyle Saylor

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