1979 ended with a series of formative trends in full-swing.
Certain religious and conservative movements merged and painted the word “liberal” as a dirty word in the U.S. press as the Chicago School of Milton Friedman began to dominate MBA classrooms as Keynesians were kicked out right and left—although Keynesian principles would continue to propel economies & countries, like Japan, South Korea and Taiwan forward for another decade or more.
In the international arena, Carter’s policy on promoting real democracy and human rights sent shivers through Latin American and Middle Eastern oligarchies & hegemonies.
The Somoza regime collapsed under a popular movement --later co-opted by the Sandinistas to some degree.
In Iran, the Shah fell and the Saudis began to shake—as even Mecca was taken over by religious and political fanatics--following in name certain messianic figures.
Meanwhile, the Soviet Union decided to throw salt in America’s wounds by starting a small arms race and simultaneously invading Afghanistan.
By this time, the U.S. Embassy in Iran had been run over by out-of-control student groups cum-terrorists caught up in the euphoria of a so-called revolution—a movement which has proven to be totally counterrevolutionary in actual practice.
This Islamic revolution, led by some religious zealots, caught the Islamic world by storm in the weeks and years to come—eventually leading not only to the U.S. counterrevolutionary support for Saddam Hussein in a War of attrition with Iraq, but also lead the Saudis, Kuwaitis and others in the region to support that monster Hussein in his attempted war for oil property in Iran.
Next Page 1 | 2 | 3 | 4 | 5 | 6 | 7
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
