As the world has proceeded from the 'oil crisis' of 1973-1974 to the confrontation between the beneficiaries and the victims of the existing international order, which is the overriding issue looming up in 1976, it has become obvious—if it was not obvious before—that we stand at a watershed in world history. What is at issue is the validity, or at least the acceptability to the majority of the world's inhabitants, of the economic system which has dominated the world since the great outward thrust of the industrialized West a century ago.
Feature, 9364 words
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