Uneven economic and political development is an absolute law of capitalism, wrote Lenin in 1915. World events in 1971 provided abundant material for this thesis. 1971 saw upheavals, reversals of policies, developing new alignments, currency revaluations and severe economic problems affecting the whole capitalist world. Foreshadowing big changes in power relations and economic balance of forces, these events were long prepared by economic and political changes, such as the resurgence of Japanese and West German monopoly capitalism, growth of the European Common Market, continued decline of British capitalism and the weakening of United States imperialism, economically and politically.
Recommended CitationAarons, Laurie, Viewpoint, Australian Left Review, 1(34), 1972, 5-9.