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Glossary: economism


Economism explains history as the outcome of direct economic motives, e.g., United Fruit didn't want to pay taxes, therefore the CIA invaded Guatemala. It removes the political and ideological determinants of the situation in a crude way, in particular by displacing class struggle from the center of analysis.

In current context, economism tries to explain the "war on terrorism" as a war for oil, which fundamentally denies the politics of the current conjuncture; that is to say, the state of the class, national, and popular struggles before and in response to the 9/11 events. In particular, it spirits away the central importance of the Islamic Revolution of 1979.


More Information


  1. "It's Not a War for Oil", Phillips

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