American exceptionalism

American exceptionalism is the theory that U.S. capitalism is different from and superior to capitalism in other countries.^[1] It predicted that the United States would be able to avoid economic crises.^[2]

History

Jay Lovestone, the leader of the rightist faction of the CPUSA, promoted American exceptionalism in the 1920s before being purged in 1929.^[2]

References

↑ “It would be wrong to ignore the specific peculiarities of American capitalism. The Communist Party in its work must take them into account. But it would be still more wrong to base the activities of the Communist Party on these specific features, since the foundation of the activities of every Communist Party, including the American Communist Party, on which it must base itself, must be the general features of capitalism, which are the same for all countries, and not its specific features in any given country.”

Joseph Stalin (1929). Speech Delivered in the American Commission of the Presidium of the ECCI (p. 5). [PDF] New York: CPUSA.
↑ ^2.0 ^2.1 William Z. Foster (1952). History of the Communist Party of the United States: 'Building the Party of the New Type (1919-1929)'.

[1] “It would be wrong to ignore the specific peculiarities of American capitalism. The Communist Party in its work must take them into account. But it would be still more wrong to base the activities of the Communist Party on these specific features, since the foundation of the activities of every Communist Party, including the American Communist Party, on which it must base itself, must be the general features of capitalism, which are the same for all countries, and not its specific features in any given country.”

Joseph Stalin (1929). Speech Delivered in the American Commission of the Presidium of the ECCI (p. 5). [PDF] New York: CPUSA.

[:1-2] 2.0 ^2.1 William Z. Foster (1952). History of the Communist Party of the United States: 'Building the Party of the New Type (1919-1929)'.

[1]

[2]