Abstract
South Vietnam…shows that in the underdeveloped countries today reactionary regimes, no matter how lavishly equipped and advised by the United States, cannot win wars against dedicated revolutionary guerrillas. This is not the place to attempt to assess the implications of this momentous fact. We only record our conviction that its significance will loom larger and larger as the years go by and that in retrospect the struggle in South Vietnam will be recognized as one of the turning points of the history of the second half of the twentieth century. - Paul A. Baran and Paul M. Sweezy, Monopoly Capital (1966), pp. 203-204.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website.
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