“The Lie of Global Prosperity” as a work of popular education (Science & Society)
February 20, 2024
"Donnelly gives a short account of the origins of neoliberal imperialism, which emerged in the 1970s as a result of three challenges to the post–World War II global economic order: 1) the decline in the value of the U. S. dollar; 2) economic stagnation and a falling rate of pro t in the rich countries; and 3) the Third World “debt crisis”. Donnelly’s retelling of this story is remarkably concise and coherent; captured in a mere 30 pages, it is perhaps one of the best short overviews of the emergence of neoliberal global capitalism that I have read...."
