Yet another prediction of the doom of the West...
...and the coming victory of collectivist economics.
Been hearing them all my life.
It is not an accident that developing countries — virtually the whole of East Asia, for example — view the role of the state in a far more interventionist way than does the Anglo-Saxon world. Laissez-faire and free markets are the favoured means of the powerful and privileged. The decline of the Western world could well usher in a significant change in this mind-set.
Jacques was editor of "Marxism Today" until it closed in 1991. What I find remarkable about almost every one of these people is that none of them lives in any of the nations run according to their prescriptions.