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Michael's avatar

Aside from the ideological difficulties, there are practical ones - in geographic sense. Wallersteins world-system analysis has it's huge drawbacks, but at the moment it seems to describe what is happening between US and Europe quite neatly. If the US is constructing a its new trading block instead of global reach, it also needs a new periphery in wallersteinian sense. And looks like Europe is going to fill that role via deindustrialization and capital starvation - all the good stuff has to flow to the centre.

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Godfree Roberts's avatar

Nice idea, but

1. The West has lost what little development skills it once had.

2. We don't know how to plan such an undertaking. There's only one country capable of realistic, budget-constrained, longterm planning, and it's not us.

3. We cannot even develop an airplane or ship on time and on budget, let alone an entire industrial sector. From scratch.

4. We don't trust our governments.

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