Revolution and Oil Shock

Ryan C. Smith ()

Chapter Chapter 9 in The Real Oil Shock, 2022, pp 169-197 from Springer

Abstract: Abstract As has been demonstrated in the previous chapters, petrocapital played a critical role in forging the modern international financial system. Nothing better reinforces this than answering the logical follow-up question: what happened to markets when 1973 to 1982 petrocapital cycle dried up? If petrocapital was incidental compared to the contradictions of state intervention and the falling rate of profit then any cessation of these funds would have minimal impact on the marketplace. If, however, petrocapital was as critical to the soon-to-be neoliberal capitalist order as this book argues then any serious disruption of these funds would suggest negative, potentially disastrous consequences for financial markets.

Date: 2022
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-07131-7_9

Ordering information: This item can be ordered from
http://www.springer.com/9783031071317

DOI: 10.1007/978-3-031-07131-7_9

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().