By George Black
E-book via Black, George, Chinchilla, Norma S., Jamail, Milton
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Chapter 2 The dynamic forces of capitalist development are both global in their reach and uneven in their outcomes. Furthermore the capital accumulation process engages both the geo-economics of capital—the advance of capital in time and place—and the agency of the imperial state in facilitating this advance: the geopolitics of capital. 2. Class analysis provides an essential tool for grasping the changing economic and political dynamics of imperial power in the various conjunctures of capitalist development.
Instead some of ‘centre-left’ regimes took power and, benefitting from high commodity prices, proceeded to stimulate an economic recovery and with it an improvement in the social condition of the population (extreme poverty). But the policies of these regimes led to the demobilization of the social movements and a normalization of relations with Washington, albeit with greater state autonomy. In this context Washington in this period lost allies and collaborator clients in Argentina, Brazil, Uruguay, Bolivia, Venezuela and Ecuador—and, subsequently faced strong opposition throughout the region.
With the defeat of both major fronts of the class struggle and popular movement, with the resurgence of the Right in the form of a Imperialism and Capitalism 23 counterrevolutionary political movement and an ideology of free market capitalism, the stage was set for a major turnaround in the correlation of opposing forces in the class struggle. Imperialism would have an important role to play in this process. Imperialism and Capitalism in an Era of Neoliberal Globalization (1980–2000) Neoliberalism as an ideology of free market capitalism and a doctrine of policy reform in the direction of free market capitalism—‘the new economic model’, as it was termed in Latin America (Bulmer-Thomas, 2006)—was some four decades in the making, manufactured by a neoliberal thought collective put together by Van der Hayek (Mirowski & Plehwe, 2009).