Open Access Open Access  Restricted Access Subscription or Fee Access

Implosion of the European System

Samir Amin

Abstract


Majority opinion in Europe holds that Europe has all it takes to become an economic and political power comparable to, and consequently independent of, the United States…. I believe that Europe suffers from three major handicaps that rule out such a comparison. First of all, the northern part of the American continent…is endowed with natural resources incomparably greater than the part of Europe to the west of Russia…. Secondly, Europe is made up of a good number of historically distinct nations whose diversity of political cultures…has sufficient weight to exclude recognition of a “European people”… In the third place…capitalist development in Europe was and remains uneven, whereas American capitalism has developed in a fairly uniform way throughout the northern American area, at least since the Civil War. Europe, to the west of historic Russia…is composed of three unequally developed sets of capitalist societies.

Keywords


Global Economic Crisis; Political Economy

Full Text:

PDF HTML


DOI: http://dx.doi.org/10.14452/MR-064-04-2012-08_1

Refbacks

  • There are currently no refbacks.