this post was submitted on 02 May 2025
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I don't think these two academics are suffering from disinterest or a lack of subject expertise.
I think they are in a space where they don't think it applies to their output in this particular venue. Maybe in a space where they are subconsciously tied to a "here/now/default" take on the world that is just the US and everything else is this othered "elsewhere" that gets perceived as somehow smaller, less relevant or exceptional.
Part of it is a cultural disconnect. They may think the implications of "capitalism" when used to an American audience are clear. My observation is that this is not just a cultural disconnect in the use of the world, but instead that the word when used inside the US is fluid, poorly defined, deliberately imprecise and more or less tautological.
Capitalism is whatever the US does now, as perceived by whoever is using the word. I think that's a very purposeful result of US politics and, had they gotten to it on time, Americans may have benefitted from putting an end to it before the entire system lost all meaning.
Perhaps not, but successful academics will also understand and tailor their messaging to their audience, dumbing it down if necessary.
Complete agreement. So is the international hegemony of the dollar, and why, a decade ago, the US government had an apoplectic fit when OPEC made noises about starting to accept payments in, or fixing prices to, something other than the dollar. I don't think the general public understood just how important it is that so many of the global currencies are tied to the value of the dollar, and, like English, it's the financial lingua franca.
I disagree that it's been overall bad for the US, although I think it's been extremely unhealthy for the world at large.