October 6, 2008
Over at Monthly Review William M Tab in The Four Crises of the Contemporary World Capitalist System says that these are:
the financial crisis, the loss of relative power by the United States, the rise of other centers of accumulation, and resource depletion and ecological crisis.The U.S. strategy remains to project military power to control oil and other resources. The other wing of the eagle is relying on appropriation of surplus through financial vehicles, but this hardly exhausts its tactics. It also demands the enforcement of protected monopoly rents by international patent and licensing regimes to protect intangible property rights, from Microsoft Windows to Big Pharma claiming ownership of the human genome. The extension of property rights and the enclosing of the scientific commons need to be (and are being) opposed by developing countries, which pay exorbitant licensing fees and are not allowed to use what in the past would be common knowledge inheritance.
The US eagle does not look to be in a healthy state.
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