IIPPE 2021: imperialism, China and finance

Michael Roberts

In sum, our evidence shows that imperialism is an inherent feature of modern capitalism. Capitalism’s international system mirrors its national system (a system of exploitation): exploitation of less developed economies by the more developed ones. The imperialist countries of the 20th century are unchanged. There are no new imperialist economies. China is not imperialist on our measures. The transfer of surplus value by UE in international trade is mainly due to the technological superiority of companies in the imperialist core but also due to a higher rate of exploitation in the ‘global south’. The transfer of surplus value from the dominated bloc to the imperialist core is rising in dollar terms and as a share of GDP.

Read more here: https://thenextrecession.wordpress.com/2021/09/30/iippe-2021-imperialism-china-and-finance/?fbclid=IwAR1KneREZ_B-DE9KOCIFAee5e9Iluk46y3U5ZnqR6GgF8TVUaeBo7g7__eQ

[THIS IS POSTED HERE FOR NON-PROFIT, NON-COMMERCIAL, EDUCATIONAL PURPOSE.]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s