David

“Yet, in most of the world, US power was hegemonic more than coercive. The United States’ offer to serve as policeman of the world has been accepted by a majority of the world since 1945, and by almost the entire world after 1991. Many countries look to the US military’s command of the commons (the world’s airspace and seas as well as outer space) to ensure global order and to protect them from nearby regional powers that, in the absence of American military dominance, could dominate or invade their neighbors. Thus, communist Vietnam, after decades of fighting and millions of deaths to free itself from US domination, eagerly signed up for the Trans-Pacific Partnership and is considering allowing the United States to base warships at Cam Ranh Bay to deflect Chinese power—and of course each and every Eastern European country begged for admission to NATO and the EU, just as Western European governments positioned themselves after World War II within a geopolitical and economic structure designed and controlled by the United States in return for protection from the USSR. American aid through the Marshall Plan came after the recipient governments had already cast their lot with the United States.”
― Richard Lachmann, First Class Passengers on a Sinking Ship: Elite Politics and the Decline of Great Powers

“Long dismissed as ideological representatives of the dominant powers, liberal economists have never experienced the pessimism of many modern Marxists regarding economic development of the periphery. It has come as something of a shock to Marxian writers that the empirical evidence on economic growth in the periphery since the Second World War has borne out much of the liberal case. Those countries which adopted strategies of export-oriented growth have achieved the most spectacular performance, while countries favouring self-sufficiency have done relatively poorly. Countries which have resisted distorting market prices have out-performed the heavily interventionist backward economies, which have in varying degrees emulated the Soviet model and and replaced economic mechanisms with direct controls and administrative allocation.”
― Michael Charles Howard, A History of Marxian Economics Volume II, 1929-1990

“Like every living organism, the capitalist system reacts to "shocks" by creating ad hoc antibodies. This does not signify that it is immortal: no living organism is that. But it does show the mistake made by some analysts who take the agents of a survival which is real for the ferments of a death which is not.”
― Arghiri Emmanuel

“The typical difference that Lenin underscores between the old and the new capitalism does in fact exist, but it bears no necessary causal relation to either competition or monopoly capitalism but is easier to explain in terms of differences between early and late phases of capital accumulation in any given capitalist country at a given stage in the evolution of its technology.”
― Henryk Grossmann, The Law of Accumulation and Breakdown of the Capitalist System, Being also a Theory of Crises