Fifty years ago, the offices of the Democratic Party’s National Committee were burglarized on June 17, 1972. The crime at the Watergate complex led to President Richard Nixon’s resignation on Aug. 8, 1974.
Behind Nixon’s fall was a crisis of U.S. imperialism. Its dirty war against Vietnam and Laos was lost. At tremendous cost, the Soviet Union was able to achieve nuclear parity with the U.S. The long slide of U.S. economic dominance versus its European and Japanese capitalist rivals continued.
