Ukraine War: Policy Miscalculations or Contradictions of Capitalism?

Ann E. Davis

Review of Radical Political Economics, 2023, vol. 55, issue 4, 557-567

Abstract: There are competing narratives regarding the causes of the war in Ukraine. One focuses on the provocation by the United States and the North Atlantic Treaty Organization, while others emphasize Russian aggression. The approach implemented below is to focus on the long-term contradictions of capitalism, including the formation of Communist states themselves in Russia in 1917 and China in 1949. The subsequent relation between capitalist industrial powers and the leading Communist powers has been an important factor in the post-World War II expansion of capitalism and its conflicts. The role of key ideological frameworks, such as the definition of money, is also a factor emphasized in this analysis. Such a wider lens may enable us to judge more accurately the potential for another “Great Transformation†or a Zeitenwende. JEL Classification: B51, E58, F33, N20

Keywords: shadow banking; financialization; hegemony; exorbitant privilege; safe asset (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:55:y:2023:i:4:p:557-567

DOI: 10.1177/04866134231188584

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