Reflections on 1968

by George Katsiaficas More often than not, the movements of 1968 have been situated within nationalist parameters, and the global dimension of the movement’s vitality, if not altogether ignored, has been consigned a minor role. Whether in Mexico or France, Vietnam or India, the meaning of 1968 has been interpreted within the context of domestic patterns and localized history. Seen through such prisms, the most significant and vital aspect of 1968’s explosive energy — that it consisted of one international movement rather than multiple ones — becomes minimized, even forgotten. My book on 1968 was the first to consider the … Continue reading Reflections on 1968

Taking notes 1

The US dollar’s (USD) continued decline in international standing took the next inevitable step reflecting the systemic failure of capitalism. The predictable effects of unbridled capital accumulation in America manifests itself yet again in recent media reports that China and Japan are promoting direct currency exchanges to facilitate commerce and profits for their enterprises and boost bilateral trade. The move essentially is to replace the USD as a reserve currency and allows both East Asian economic giants to convert yuan and yen directly, and so by-passing currency conversion via USD. This also saves on currency conversion costs. The move effectively … Continue reading Taking notes 1