3 Transnationalization

The latest stage of capitalism?

 

 

 

The immediate US response under Nixon to the crisis that emerged from the late 1960s was overwhelmingly unilateral and suggested a reversal — whether partial or otherwise it was too early to tell — of the post-war internationalizing trend. Yet, internationalist forces within the US and elsewhere soon began a counter-offensive: the multilateralist international liberal C. Fred Bergsten, for instance, resigned as Kissinger's assistant for international economic affairs on the National Security Council and in January 1972 criticized the Administration for encouraging a ‘disastrous isolationist trend’ (Bergsten 1972: 1). By the beginning of the following decade the internationalist wing ...

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