Abstract
The analysis considered in Part II focused upon the functioning and transformation of advanced capitalism. Each theory sought to provide an explanation of the ‘long boom’, understand the contradictions which would ultimately undermine it, and thereby account for the passivity of the working classes in the West, as well as locating the basis for any future radicalisation. In all cases the economic structures of backward areas and their relationship to those of developed countries figured hardly at all. Only Baran and Sweezy thought them to be significant, and even in Monopoly Capital they were of secondary importance. The forces of stability and change in the heartlands of capitalism were seen to operate primarily through the reproduction and growth of the major capitalist economies.
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Notes
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I. Wallerstein, ‘Marx and Underdevelopment’, in S. Resnick and R. Wolff (eds), Rethinking Marxism (New York: Autonomedia, 1985), pp. 379–95; Wallerstein, Capitalist, pp. 9, 22–3, 53, 57, 68, 147, 154–5, 181, 191; Wallerstein, Politics p. 35; Wallerstein, Historical Capitalism, pp. 8–9.
‘Super-imperialism’ denotes the dominance of one imperialist power over all the others. It should be distinguished both from (classical) notions of imperialist rivalry and from Kautsky’s concept of ‘ultra-imperialism’, which refers to stable collusion between imperialist powers. See R. Rowthorn, Capitalism, Conflict and Inflation (London: Lawrence & Wishart, 1980), pp. 48–78.
Wallerstein, Capitalist, pp. 30ff, 58, 61, 66, 68, 82, 239–40, 272, 280; Wallerstein, Politics, 52ff, 83–4, 88ff, 92ff, 106–9, 112ff, 125ff, 172; Wallerstein, Historical Capitalism, pp. 69, 86ff, 91–2, 108–11; C. Chase-Dunn (ed.), Socialist States in the World System (Beverley Hills, Cal.: Sage, 1982);
see also P. Mattick, Anti-Bolshevik Communism (London: Merlin. 1978).
Wallerstein, Capitalist, pp. 196, 200, 224. 230, 284, 288; Wallerstein, Historical Capitalism, pp. 89ff; Arrighi, Hopkins and Wallerstein, Antisystemic Movements; cf. F. Fanon, The Wretched of the Earth (New York: Grove Press, 1968) and
H. Marcuse, One-Dimensional Man (London: Routledge & Kegan Paul, 1964).
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Howard, M.C., King, J.E. (1992). Capitalism and Underdevelopment. In: A History of Marxian Economics. Radical Economics. Palgrave, London. https://doi.org/10.1007/978-1-349-21890-5_9
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