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View Full Version : Which capitalisms are dependent on which?



UltraWright
20th June 2011, 16:14
I am trying to study the current state of capitalism and it is becoming apparent to me that there are big capitalist countries to which the capitalism of other countries are connected to and dependent on. For example, I think that the USA is a big capitalist and the UK depends on it. I also think that Germany is a capitalist and the capitalism of the European countries are related to it. China has become a big capitalist and some Asians countries and Brazil are connected to it.

My main purpose is to know who depends on who. I would like to know that in order to know which capitalist system would crash if a given system crashes. For example, which countries would crash if the USA crashed, if Germany crashed, etc.

Has anybody created such a dependency map for the current world economy?

Revolutionair
20th June 2011, 16:21
Nation borders do not limit capital. There is one global market, which is intertwined with the global capital.

A part of the global capital is located in the USA and a part is located in Germany.

edit:
To go on with the borders, it is possible that a part crashes. If Canada crashes then it might take northern USA with it. This shows how nation borders do not limit capital. Southern USA will also get damaged, but it is not a per country scheme.

Broletariat
20th June 2011, 16:22
^ What he said.

When one local system goes into crisis, it is likely that the rest will also fall into crisis.

Kiev Communard
20th June 2011, 17:47
I am trying to study the current state of capitalism and it is becoming apparent to me that there are big capitalist countries to which the capitalism of other countries are connected to and dependent on. For example, I think that the USA is a big capitalist and the UK depends on it. I also think that Germany is a capitalist and the capitalism of the European countries are related to it. China has become a big capitalist and some Asians countries and Brazil are connected to it.

Your analysis is technically true, yet it is one-sided. Don't forget that the countries you list as "big capitalists" are also dependent on their "subordinates" for the extraction of raw materials, land access, financial capital inflows, etc. So, for instance, if the UK banks and insurance companies crash, the Wall Street will be similarly affected, if Greece declares bankruptcy, the German capitalism will suffer, if Brazilian mineral ores begin to dry out, the Chinese economy will take a nosedive, etc. The capitalist nations are interrelated now, and even a seemingly "minor" disturbances might affect them all.

UltraWright
20th June 2011, 17:56
Your analysis is technically true, yet it is one-sided. Don't forget that the countries you list as "big capitalists" are also dependent on their "subordinates" for the extraction of raw materials, land access, financial capital inflows, etc. So, for instance, if the UK banks and insurance companies crash, the Wall Street will be similarly affected, if Greece declares bankruptcy, the German capitalism will suffer, if Brazilian mineral ores begin to dry out, the Chinese economy will take a nosedive, etc. The capitalist nations are interrelated now, and even a seemingly "minor" disturbances might affect them all.

I see, the capitalist dependency relation is symmetric. I still would like to learn how a crash/crisis would propagate if country X was affected these days. It is logical that the dependency relations are dynamic and do change over time, that why I am emphasizing on the time!