Be sure to answer both questions in short essay form. Write in Times New Roman, double-spaced, 12 point font.. Your responses in total should not exceed one page. This is due on Thursday, April 27, 2017 at 11:59pm.
David McNally. “The Day the Music Died: Three Decades of Neoliberalism” Global Slump: The Economics and Politics of Crisis and Resistance (Oakland, CA: PM Press, 2011), 25-60.
According to David McNally, by the 1970s “over-accumulated capital and declining profits had induced a great seizing up of the capitalist economy” which prompted the American ruling class to launch a protracted offensive against the American working class and the Global South (25). (1) According to McNally, what were strategies that the American ruling class employed in the Global South to help increase the rate of profit? (2) Also, discuss how neoliberal strategies of capital accumulation impacted different Asian economies.