The employment rates are in very bad shape. We vastly underestimate the unemployment
Immanuel WallersteinI rather wish to rest my case on material considerations, not those of the social future but those of the actual historical period of the capitalist world-economy.
Immanuel WallersteinProduction for sale in a market in which the object is to realize the maximum profit is the essential feature of a capitalist world-economy. In such a system production is constantly expanded as long as further production is profitable, and men constantly innovate new ways of producing things that will expand the profit margin.
Immanuel WallersteinThe real threat to U.S. military power is nuclear proliferation, because if every little country has nuclear weapons it becomes very tricky for the United States to engage in military action.
Immanuel WallersteinAs a matter of law the states recognized no constraints on their legislative scope other than those that were self-imposed. Even where particular state constitutions paid ideological lip service to constraints deriving from religious or natural law doctrines, they reserved to some constitutionally-defined body or person the right to interpret these doctrines.
Immanuel WallersteinBut even in the absence of direct interference by those who had the power to interfere, the process was usually aborted by the non-availability of one of more elements of the process - the accumulated stock in a money form, the labor-power to be utilized by the producer, the network of distributors, the consumers who were purchasers. One or more elements were missing because, in previous historical social systems, one or more of these elements was not commodified or was insufficiently commodified.
Immanuel Wallerstein