Decline not just going to step aside | Socialist Action 1983

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across Atlantic.

Thatcher already ice the is demanits imperialist in the way.

BROS Having headed the sign up Strategic SDI) -Star Wars. i public To place lefence only 1o lose the contract.

Reagan's presidency openly ushered in a pul America first' policy: The US can no longer, as it did after the war, promote the growth of the rest of the capitalist by flooding i1 with capilal On the contrary. look the US economy off the floor after slump at the expense of his partners. erstwhile arch-priest of monetarism and let someone else lake over. Moreover it begins with a huge advanage: Is ine biggest capitalis. stale in the world The US is now resorting, lo exacily the same tactics that Britain launched into last century when its own decline began, and has used ever since 10 great effect. It is using its state, its financial weight, and its military supremacy reconquer what it is losing economically.

The US is in trease ils abandoning free trade. policy aim is lo secure the best trading deal il can for ilself by direci, bilateral negotiations with parlners. As the departing Commissioner culoocali for Agriculture remarked *Gatt (the