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Mann challenges world-systems theorists on the issue of decline: the recession of the 1970s, it turns out, was an opportunity for the US to delay the crisis for several decades, permitting it to profit extensively from its seigneurial position

it needs actively to be tamed, regulated and modified and for that to happen there has to be struggle and countervailing forces, above all a vigorous lib-lab and union presence

an ideological product of irrational neoliberalism and the obverse fatigue of the neo-Keynesians

[...] Market fundamentalism is self-evidently false. Contra Karl Polanyi’s classic account, he says, capitalism does not homeopathically reform itself. Pure capitalism may be impossible, as Polanyi insisted; but in Mann’s view it needs actively to be tamed, regulated and modified and for that to …