World market integration survived the 1970s-80s slumps without protectionist collapse

Evidence

Here far more than in the case of ‘post-Fordism’ we are dealing with developments whose reality and importance are undeniable. The global integration of capital is qualitatively greater than it was a generation ago; perhaps the most important corroboration of this assertion is the fact that the world market did not, under the impact of the slumps of the mid-1970s and early 1980s, disintegrate into the kind of protectionist trade blocs that were so important a feature of the Great Depression of the 1930s. — Alex Callinicos, Against Postmodernism, 511

Categorization

• XREF: The key evidence that globalization is real rather than illusion — a stable counterfactual against the 1930s trade-bloc precedent that Jameson-style periodization would expect to recur. — connects to: Post-1970s globalization is continuous with earlier colonial expansion — Stuart Hall, Essential Essays, Volume 2: Identity…, 318

Broader Connections

• Post-1970s globalization is continuous with earlier colonial expansion #corroborates (0.80) — Stuart Hall, Essential Essays, Volume 2, 318