An introduction to a new kind of capitalist imperialism

In the case of zombie states, it is precisely external interventions that turn them into ungovernable territories.

Imperialism is a system of economic and political relations that grants unparalleled dynamism to capital while aggravating the economic contradictions of capitalism and the antagonisms among states. While cautioning that it was necessary not to forget "the conditional and relative value of all definitions in general, which can never embrace all the concatenations of a phenomenon in its full development", Lenin pointed out that if it were necessary to "give the briefest possible definition of imperialism we should have to say that imperialism is the monopoly stage of capitalism". Here we see exactly how modern imperialism works. The U. One of the main controversies within the Marxist theory of imperialism centres on the ability of the capitalist system to organise itself economically and politically, thereby creating a stable environment for big business. The former colonial countries remained enslaved to imperialism, although their chains are now invisible ones. In this strange Alice in Wonderland world, the poor subsidise the rich.

The same cynical calculations may be discerned in the case of every one of the belligerent nations, from the biggest to the smallest.

Capitalism has been transformed into imperialism.

imperialism the highest stage of capitalism summary

This separation was incomplete in the period of globalisation between and Panitch and Gindin Yet the productivity of Chinese and Indian labor is rapidly rising and, in specialized areas such as high-tech assembly in China or software development in Indiamay equal or exceed the productivity of workers in wealthier nations.

Therefore, imperialism is the highest advanced stage of capitalism, requiring monopolies of labour and natural-resource exploitation and the exportation of finance capital rather than goods to sustain colonialism, which is an integral function of said economic model.

monopoly capitalism and imperialism

Lenin noted "five basic features" as the imperialist stage of capitalism: 1 the concentration of production and capital has developed to such a high stage that it has created monopolies which play a decisive role in economic life; 2 the merging of bank capital with industrial capital, and the creation on the basis of this "finance capital", of a financial oligarchy; 3 the export of capital as distinguished from the export of commodities acquires exceptional importance; 4 the formation of international monopolist capitalist associations which share the world among themselves; and 5 the territorial division of the whole world among the biggest capitalist powers is completed.

In order to ensure the interests of the bourgeoisie, the state develops strategies to manage the labour force, intervenes to maintain the profit of national capital and promote its expansion in the international economy Sakellaropoulos Regarding the concept of super-imperialism, see Rowthorn Imperialism: a Study.

Each of these phenomena may have its own roots, but the way they are beginning to intertwine in competitive struggles over prime energy-producing areas in the Caspian Sea basin, the Persian Gulf, and the East China Sea is ominous….

In this manner, the gains of the better-situated workers can be turned into their opposite, serving not to strengthen the working-class movement as a whole but to provide a basis to split and weaken the movement through the victory of opportunism among the better-situated workers, and thus limit the number of advanced, revolutionary-minded workers who emerge from their ranks. Here the crucial fact is the shift of manufacturing industry in recent decades from the global North to the global South. Countries continue to use uneven structures of power to maintain and conquer new spaces of accumulation, according to the interests of their capitalists. According to Robinson 9 , the US state is a key instrument for the reproduction of the global capitalist system, since it acts as a defender of the interests of big capital, repressing the sectors that oppose it. US imperialism is truly the biggest counterrevolutionary power on earth in history. Competition imposed upon each capitalist owner of means of production the need to cheapen the production of commodities. From a military point of view, no country can stand against the colossal military might of the USA. But with the existence of nuclear weapons, and also the horrific array of other barbarous means of destruction—chemical and bacteriological arms—all-out war between the major powers would signify mutual annihilation, or at least a price so terrible as to make war an unattractive proposition, except to ignorant and unbalanced generals.

The tensions that now exist between the United States, Japan and Europe in another period would have already led to war. In the current phase of capitalism-imperialism, it is clear that these classical theories are no longer directly applicable.

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Introduction to the new Mexican edition of Lenin’s Imperialism