Due to inflation, energy crisis, worsening pay and conditions, increasingly authoritarian right wing govts, the impending collapse of the NHS, higher education entry criteria choking the number of graduates, etc.
I’m reasonably sure the final straw would be a currency crisis. A stable currency feels like imperial privilege.
Has anything been written on this? The characteristics of imperial core countries, I mean. I’d be interested to know if there are any examples of countries that have ceased to be core countries that have been analysed through a Marxist lense.
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What does that even mean? They are gonna start taking IMF loans and FDI?
Already do. IMF in the 70s and FDI has been preferred to developing domestic companies since thatcher.
Of course, the IMF’s job was to break the labour party and FDI means investment from the US and vain attempts to reclaim some petrodollars.
That’s the kind of thing I’m thinking of, yeah.
I guess the real question is whether or not the privileges I’m referring to will be absorbed by the US to shore up its position (America first) or if they’ll suffer the same thing (eg decline).