The Cuban Revolution in the 21st Century by George Lambie

By George Lambie

Whereas so much books and articles on Cuba search to investigate the island’s socialist test from the viewpoint of inner dynamics or diplomacy, this publication makes an attempt to appreciate the progressive approach as a part of a counter-current opposed to neoliberal globalization.  Rather than proposing Cuba as a socialist survivor, whose functionality needs to be measured opposed to the criteria set by means of the overseas neighborhood, George Lambie judges Cuban socialism at the ambitions which the revolution units for itself. He indicates that regardless of Cuba’s isolation within the "New global Order," and the large pressures it has confronted to comply, its religion in an alternate socialist venture has persevered and grown.  Now that neoliberalism is in challenge, Cuba’s advertising of socialist values is discovering a renewed relevance. during this attention-grabbing research, Lambie argues that Cuba is back changing into an emblem, and functional instance, of socialism in motion. This e-book is key examining for college students of politics and Latin American experiences.

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During that decade the price of oil rose sevenfold, leading to a massive increase in dollar receipts to oil-producing countries, especially in the Middle East. Those countries sought to invest much of this new wealth because it could not be absorbed by their small economies. It is generally assumed that the US was incensed by the actions of OPEC, and that due to fear of retaliation by Washington, billions of ‘petro-dollars’ found their way into the private banks that were active in the Eurodollar and currency markets.

A global system of production operating in transnational space therefore gives rise to a concomitant class formation. Among these contemporary theorists, Robinson and Harris (2000) place particular emphasis on the emergence from within national bourgeoisies of a distinct, hegemonic, transnational bourgeois class. In the nineteenth century, sections of the productive process shifted from regional bases to the creation of joint-stock companies and large corporations, allowing markets to consolidate at the national level.

By the early 1960s, however, once the US had fulfilled its role as the agent of capitalist economic recovery, problems began to arise which threatened the Bretton Woods system. Years of boom in the US and the privileges it enjoyed as issuer of the world’s ‘fiat’ currency were partly to blame for an over-valued dollar, high labour costs, complacency in research and development, a failure to keep up with improvements in production technology, and a resulting fall in the rate of profit for investors in the US.

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