A very good discussion of the world economy by two Marxist-Leninists. I agree with virtually everything they say except for, of course, their interpretation of the role of Communism in the industrial development of the Eastern world.
The Communist revolutions that took place
in the East and the Global South in the 20th century were simply a
continuation of the bourgeois revolutions of the 18th and 19th century.
In every case, these revolutions (from America and France in 1776 and 1789 to Cuba and Cambodia in 1959 and 1975) were rooted in the left-wing of the middle class as revolutions almost
always are. The West is experiencing a bloodless revolution of that kind at present (what the right-wing calls “cultural Marxism’).
Industrial development of communist countries was always made possible by Western capital. An agrarian society can’t experience industrial development by practicing economic autarky. Russia tried that with “war communism” during the Russian Civil and it failed. Hence, Lenin developed the New Economic Policy and began importing industrial technology from Western capitalists.
China attempted a similar approach during the Great Leap Forward only to experience famine and mass starvation. It was the Dengist reforms of the late 70s/early 80s that allowed China to develop on its present mercantilist/national- capitalist model, which is basically the same model used by the Asian Tigers as well as the European nations during the Industrial Revolution.
Even the Khmer Rouge understood they needed the support of Western capital. The purpose of the “killing fields” was to produce as much of an agricultural surplus as possible to sell on the world market in order to be able to import industrial equipment and technology. The Khmer Rouge goal was the achievement of industrialization by the year 2000. After they were dislodged by Vietnam in 1979, they changed their ideology from Maoism to “liberal capitalism” and formed an alliance with the CIA against the Vietnamese.