• DivineChaos100 [none/use name]
    hexagon
    ·
    2 years ago

    That's a pretty informative takedown, one thing about third world nationalism: Cuba, Palestine and Vietnam didn't start off where they are now, they had to adjust their nationalism to get there and also there is a reason why Chibber wasn't mentioning them as an example.

    Also third world nationalism isn't only a thing in AES states, there are reactionary nationalist states in the third world, i don't think what he says here is that much off.

    Can't say anything else about the others, you're probably right or i didn't read enough lenin.

    Maybe American capital invests in European countries and then sends its military to protect those investments? Idk just spitballing here.

    Do you have any article or study about this? Unrelated but i am in a debate on reddit exactly about this topic.

    • Dimmer06 [he/him,comrade/them]
      ·
      2 years ago

      Unfortunately I can't find numbers for US overseas investment by country, but it totals to thirty-one trillion (table A). Of that, six and a half trillion is Foreign Direct Investment which means investments that yield at least a 10% stake. Nearly four trillion (around 64%) of US FDI is in Europe which I think is a good indicator of where portfolio investments are as well. You can compare FDI data of countries here.

      That's not the whole picture of course. For example US/global oil policy aims to control prices (via the OPEC cartel) so we garrison armies in Saudi Arabia even if we don't have huge investments there. There's also the military industrial complex which is extremely profitable and needs lots of troops to be stationed overseas to remain as such. Geostrategic positioning also plays a role, we put troops on the border of Russia's sphere of influence.