Empire’s end forced small states into relying on open world markets and domestic austerity.
Evidence
Mises’s policy prescriptions in the 1920s always had two sides: open to the world market, and make the internal adjustments necessary to compete internationally. This required two key measures: push down wages, and cut taxes on industry. … Prefiguring many of the dilemmas that would face nations after decolonization after 1945, the end of Austria’s empire meant an increased reliance on access to an open world economy. — Quinn Slobodian, Globalists, 158
Categorization
- XREF: Directs forward to the post-1945 decolonization scholars the book will examine; connects the ‘mutilated torso’ fate of Austria to later post-imperial states. — connects to: Rising oil prices benefited imperialist economies while wrecking other imperialized states — Aijaz Ahmad, In Theory: Classes, Nations, Literatures, 84
- ADDENDUM: Relates to ‘On Sacrifice’ indirectly? No — but connects to the austerity/neoliberalism core reading purpose well.
Broader Connections
- Rising oil prices benefited imperialist economies while wrecking other imperialized states
#corroborates(0.72) — Aijaz Ahmad, In Theory, 84