It is no coincidence that the ABM Treaty was signed midway between the delinking of the U.S. dollar from the gold standard in 1971 and the first oil … - Antonio Negri

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It is no coincidence that the ABM Treaty was signed midway between the delinking of the U.S. dollar from the gold standard in 1971 and the first oil crisis in 1973. These were the years not only of monetary and economic crises but also of both the beginning of the destruction of the welfare state and the shift of the hegemony of economic production from the factory to more social and immaterial sectors. One might think of these various transformations as different faces of one common phenomenon, one grand social transformation. (39)