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Re: Does Hubbert Peak Bode Ill for World System? by Louis Proyect 04 December 2003 19:49 UTC |
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Luke Rondinaro wrote:
This sounds a bit too Olympian to me. One of my big problems with ws theory is its tendency to take an almost left Viconian or Spenglerian approach that seemed to be one of the big problems with Andre G. Frank's Reorient. Long waves, global frameworks, etc. invite a kind of detachment from the class struggle. When you couple this with the sort of disavowal of state-based socialism found in some of Wallerstein's articles, you veer dangerously in the direction of quietism.
What are we to make of this “bearish” outlook on the world (system) and socioeconomic systems? And for that matter, what’s the merit of such “bullish” and “bearish” perspectives in the first place? … Markets, in their systemic context, go up … and markets … go down. I wonder really what the use is in the framing of paradigms that are exclusively upward-focused or downward-focused. I’d argue the general trend is neither exclusively in a climb or a plunge; it’s in an economic process regulating itself in its cycles. The system is balancing itself around a point of equilibrium.
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