The Present as History
Thoughts on Capitalism at the Millennium
Bibliographic Data
| ID | 9198512 |
|---|---|
| Authors | David Mcnally (0009-0009-6250-9148, corresponding author) |
| Year | 1999 |
| Volume | 51 |
| Issue | 3 |
| Pages | 134 |
| Publication date | 1999-07-09 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Monthly Review (JOURNAL) |
| Journal identifiers | ISSN: 0027-0520 • E-ISSN: 0027-0520 |
| Publisher | Monthly Review Foundation (PUBLISHER) |
| DOI | 10.14452/mr-051-03-1999-07_9 |
| OpenAlex | W2031389211 |
| Language | EN |
| Citations received | 7 |
Talk of a "new economy" is all the rage these days. A dynamic global market economy that has no precedents is said to be propelling the world into a new millennium of abundance. In their 1998 special double issue on "the 21st Century Economy," for instance, the editors of Business Week predicted that "Revolutionary technology and rapid globalization...will send productivity soaring, allowing faster growth with low inflation and modest unemployment. This dynamic could last for decades, bringing unimagined prosperity worldwide." With each new record for the U.S. stock market, with every new announcement that the latest crisis—be it in East Asia, Russia or Brazil—is over, heady talk like this proliferates. Indeed, with the intensifying hype surrounding the arrival of the year 2000, we have entered a bull market in euphoric prognostication. If we are to believe the millennial pundits, the world stands on the eve of a virtually unlimited era of global prosperity. Capitalism is said to have finally come of age. Having vanquished all challengers, having apparently tamed labor, anti-imperialist, and radical social movements, it can now calmly go about the business of making us all rich.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website
Capitalism · Economic growth · Economic history · Economics · Economy · Globalization · Market economy · Political economy · Political science · Politics · Productivity · Prosperity · Unemployment · History · Law · Political Economy and Marxism
| Unique citing works | 7 |
|---|---|
| Citations per year | 0,27 |
| Citation span | 2000 - 2015 (16) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 5 |