

Paperback: 316 pages
Publisher: Verso (June 3, 2014)
Language: English
ISBN-10: 1781681589
ISBN-13: 978-1781681589
Product Dimensions: 5.4 x 0.9 x 8.2 inches
Shipping Weight: 14.9 ounces (View shipping rates and policies)
Average Customer Review: 4.4 out of 5 stars See all reviews (9 customer reviews)
Best Sellers Rank: #81,572 in Books (See Top 100 in Books) #21 in Books > Politics & Social Sciences > Politics & Government > Specific Topics > Colonialism & Post-Colonialism #87 in Books > Business & Money > Economics > Development & Growth #135 in Books > Politics & Social Sciences > Politics & Government > Specific Topics > Globalization

This book is somewhat of a sequel to his prior book "the darker nations" and perhaps an attempt to tell the same story with a more hopeful ending than "darker nations". It generally suffers from the same flaws of disorganization, a tendency to not be able to string longer arguments together and the appearance of a book of small stories going nowhere. There is also the same fanatical tendency to endlessly talk about reports, committees and international conferences as the expense of actual people and events.He starts off the book in the 1970s with the crisis of what he calls "northern atlantic liberalism" and the slow collapse of the third-world project. But rather than see it as a systemic economic crisis, he sees it as a sinister plot against the forces of "good" such as the Soviet Union and perhaps five or so dictatorships in Africa who pass his test as being proper third-worlders. Again, he looks at the consequences of international debt without really looking at its causes. He brings up the absurd idea of a bunch of broke debtor countries trying to run the world bank and IMF without seeming to realize where the money into those institutions was coming from. He is (again) angry at OPEC but (again) fails to see that the resource-cartel idea which he himself believes in would inevitably hit the third world very hard economically and it was unrealistic to expect the OPEC countries to fund socialism in the third world rather than their own economic development.Very strangely, he fails to understand that the "gold standard" before the 1970s was in fact a dollar standard and that further, the enormous payments in dollars to OPEC created their economic logic in terms of American banks.
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