Super Imperialism: The Economic Strategy of American Empire | Michael Hudson

Book: The Face of Imperialism — The Michael Parenti Political Archive

In the last half-century we have witnessed a dramatic expansion of American corporate power into every corner of the world, accompanied by an equally awesome growth in U.S. military power. These phenomena are often treated as independent developments. Here, Michael Parenti brings them together in a sharp critique aimed as much at errant liberals and certain Marxists as at the dominant political actors who have perpetrated the imperial lie.

Imperialism in the Twenty-First Century - Monthly Review

John Smith teaches international political economy at Kingston University in London. This paper has been abstracted from his book Imperialism in the Twenty-First Century, forthcoming from Monthly Review Press in... READ MORE

Imperialism, the Highest Stage of Capitalism

[1] Written in Zurich in January-June 1916. Lenin began to take note of new developments in capitalism long before the outbreak of the First World War. In several of his writings from 1895 to 1913—”Draft and Explanation of a Programme for the Social-Democratic Party” (1895-96); “The War in China” (1900); “The Lessons of the Crisis” (1901), “Review of Home Affairs” (1901); “Concentration of Production in Russia” (1912); “The Growth of Capitalist Wealth” (1913) “Backward Europe and Advanced Asia” (1913); “The Historical Destiny of the Doctrine of Karl Marx” (1913); “Concerning Certain Speeches by Workers’ Deputies” (1912), and others—Lenin pointed out and analysed some characteristic aspects of the imperialist epoch— the concentration of production and the growth of monopoly; the export of capital; the struggle for new markets and spheres of influence; the internationalisation of economic relations; the parasitism and decay of capitalism; the growth of contradictions between labour and capital and the sharpening of the class struggle; and the creation of the material conditions for the transition to socialism. He devoted special attention to exposing predatory colonial policy, the fight for a division and redivision of the world, and the preparation of imperialist wars of aggrandisement. In his article, “Marxism and Revisionism”, written in 1908, he came out against the attempts to revise Marxism and undermine it from inside under the pretext of amending and correcting the theory in particular, Marx’s theory of crises. Lenin wrote: ‘The forms, the sequence, the picture of particular crises changed, but crises remained an inevitable component of the capitalist system. While uniting production, the cartels and trusts at the same time and in a way that was obvious to all, aggravated the anarchy of production, the insecurity of existence of the proletariat and the oppression of capital, thereby intensifying class antagonisms to an unprecedented degree. That capitalism is heading for a breakdown—in the sense both of individual political and economic crises and of the complete collapse of the entire capitalist system— has been made particularly clear, and on a particularly large scale, precisely by the new giant trusts” (see present edition, Vol. 15, pp. 35-36). Lenin kept abreast of all the latest writings on capitalism, as will be seen from his review of Hobson’s The Evolution of Modern Capitalism. In August 1904, Lenin began a translation of Hobson’s Imperialism, the manuscript of which has not yet been found. It was on the outbreak of the First World War that Lenin undertook a comprehensive study of the monopoly stage of capitalist development This was required by the working-class revolutionary struggle in Russia and other capitalist countries. In order to provide correct leadership for the revolutionary movement and combat the ideology of imperialist reaction and the reformist policy of conciliation with imperialists, it was necessary to see one’s way in the key economic question without a study of which there was no understanding of the assessment of modern war or modern politics, namely: the economic essence of imperialism”. Lenin must have started his close study of the writings on imperialism in mid-1915, when he was in Berne, for his first indexes of literature, plans, extracts, notes and summaries date to that period. The preparatory materials for Imperialism, the Highest Stage of Capitalism (Notebooks on Imperialism) make up about 800 printed pages. They contain extracts from 148 books (including 106 in German, 23 in French, 17 in English, and 2 translations into Russian), and 232 articles (of them 206 in German, 13 in French, and 3 in English) from 49 periodicals (34 German, 7 French and 8 English). In early January 1916, Lenin accepted an order for a book on imperialism from the legal Parus Publishers, founded in Petrograd in December 1915. Lenin wrote to Maxim Gorky on December 29, 1915 (January 11, 1916): “I am getting down to the writing of a pamphlet on imperialism” (see present edition, Vol. 35). In the early part of February 1916, he left Berne for Zurich, where he continued to collect and work on materials on imperialism. He worked at the Zurich Cantonal Library and ordered books from other towns. On June 19 (July 2), 1916 Lenin wrote to M. N. Pokrovsky, who was then living in France and editing for Parus a series of pamphlets about West-European countries during the First World War: “Today, I sent you a manuscript by registered mail” (see present edition, Vol. 35). The manuscript, which was mailed with the letter, did not reach Pokrovsky, and another copy had to be sent. Besides, the publishers suggested that the finished manuscript should be shortened from eighty to fifty pages, but Lenin objected because “it is absolutely impossible to cut it down once again and squeeze it into fifty pages” (ibid.). When the book reached the publishers, Menshevik elements among the management deleted from the book parts sharply criticising Kautsky and Martov, and made corrections in the text which not only distorted Lenin’s style but also his ideas. Thus, Lenin’s terms pererastaniye (capitalism growing into imperialism) was altered to prevrashcheniye (transformation); reaktstonny kharakter (reactionary nature of the theory of ultra-imperialism) to otstaly kharakter (backward character), etc. In mid-1917, the book was published under the title Imperialism, the Latest Stage of Capitalism(A Popular Outline) with a preface by Lenin, dated April 26, 1917.

The Triumph of Broken Promises — Harvard University Press

A powerful case that the economic shocks of the 1970s hastened both the end of the Cold War and the rise of neoliberalism by forcing governments to impose austerity on their own people.Why did the Cold War come to a peaceful end? And why did neoliberal economics sweep across the world in the late twentieth century? In this pathbreaking study, Fritz Bartel argues that the answer to these questions is one and the same. The Cold War began as a competition between capitalist and communist governments to expand their social contracts as they raced to deliver their people a better life. But the economic shocks of the 1970s made promises of better living untenable on both sides of the Iron Curtain. Energy and financial markets placed immense pressure on governments to discipline their social contracts. Rather than make promises, political leaders were forced to break them.In a sweeping narrative, The Triumph of Broken Promises tells the story of how the pressure to break promises spurred the end of the Cold War. In the West, neoliberalism provided Western leaders like Ronald Reagan and Margaret Thatcher with the political and ideological tools to shut down industries, impose austerity, and favor the interests of capital over labor. But in Eastern Europe, revolutionaries like Lech Walesa in Poland resisted any attempt at imposing market discipline. Mikhail Gorbachev tried in vain to reform the Soviet system, but the necessary changes ultimately presented too great a challenge.Faced with imposing economic discipline antithetical to communist ideals, Soviet-style governments found their legitimacy irreparably damaged. But in the West, politicians could promote austerity as an antidote to the excesses of ideological opponents, setting the stage for the rise of the neoliberal global economy.

Mercantilisme et capitalisme de la finitude : aux origines de l’Empire Trump | Le Grand Continent

Les seigneurs de la Silicon Valley s'installent dans l'État américain : un nouveau pouvoir disrupte le libéralisme et la démocratie. Vivons-nous un moment inédit ? Il y a quatre cents ans, une start-up de la City – la Compagnie des Indes – se lançait déjà dans une entreprise de conquête mondiale similaire. Pour expliquer Trump et Musk, Arnaud Orain renoue avec les fils de cette histoire, en forgeant un concept : le capitalisme de la finitude.

Marxism & the Global South

A critical history of imperialism and dependency theory, from Marx on colonialism and Eurocentrism to Baran, Frank, Wallerstein, and Samir Amin.

Marxism & the Global South

A critical history of imperialism and dependency theory, from Marx on colonialism and Eurocentrism to Baran, Frank, Wallerstein, and Samir Amin.

L'ère de la fragmentation opportuniste : penser la finance du développement après Trump | Le Grand Continent

« America First is not America alone ». Sur le multilatéralisme et les institutions de Bretton Woods, Washington tente par tous les moyens de tordre à son avantage le système — sans en sortir complètement. La finance du développement pourrait être à un tournant. En cartographiant cette mutation, Martin Kessler formule des hypothèses sur la forme que prendrait le nouvel ordre.

Lenin und seine Imperialismus-Broschüre – Kommunistische Organisation

Paul Oswald setzt sich im folgenden Beitrag mit Teilen des Quellenmaterials von Lenins Imperialismus-Broschüre auseinander. Anhand eines vergleichenden Blicks zwischen Lenins Broschüre und vorangegangenen theoretischen Auseinandersetzungen innerhalb der Arbeiterbewegung sowie der bürgerlichen Wissenschaft wird das Alleinstellungsmerkmal von Lenins Untersuchung herausgearbeitet. Durch diesen Vergleich wird insbesondere Lenins Entwicklung des Begriffs des Imperialismus aufgezeigt und damit ein Zugang zur Imperialismus-Broschüre eröffnet wird, der in der Debatte unterrepräsentiert ist.

How to Hide an Empire: A History of the Greater United …

A pathbreaking history of the United States' overseas p…

Exocapitalism: economies with absolutely no limits

There is a touch of destiny with this one. We have real…

Imperial Ends: The Decay, Collapse, and Revival of Empires

Despite their historical importance, empires have received scant attention from social scientists. Now, Alexander J. Motyl examines the structure, dynamics, and continuing relevance of empire—and asks, "Why do empires decline? Why do some empires collapse? And why do some collapsed empires revive?"Rejecting choice-centered theories of imperial decline, Motyl maintains that the very structure of empires promotes decay and that decay in turn facilitates the progressive loss of territory. Although most major empires have in fact declined in this manner, some, such as the Soviet Union, have collapsed suddenly and comprehensively. Motyl explains how and why collapse occurs, why such an outcome is hard to foresee, and why some collapsed empires revive. While broad-ranging historically and empirically, Imperial Ends focuses on five modern empires: the Soviet, Romanov, Ottoman, Habsburg, and Wilhelmine.Examining the possibility of a revival of the Soviet empire, Motyl points out that the expansion of NATO and the European Union, along with increasing globalization, will isolate Russia and its neighbors, promoting their dependence upon one another and perhaps facilitating the rise of the former core. With boldly stated conclusions and concise analytical interpretations, Imperial Ends cohesively illustrates to policymakers and social scientists alike the importance of possible imperial revivals and the rise of future empires.

Droits de douane : comment le projet radical de Trump pourrait ruiner l’économie américaine

traduction française du billet de blog "How Trump’s radical tariff plan could wreck our economy" de Paul Krugman

The Weaponized World Economy

When Washington announced a “framework deal” with China in June, it marked a silent shifting of gears in the global political economy. This was not the beginning of U.S. President Donald Trump’s imagined epoch of “liberation” under unilateral American greatness or a return to the Biden administration’s dream of managed great-power rivalry. Instead, it was the true opening of the age of weaponized interdependence, in which the United States is discovering what it is like to have others do unto it as it has eagerly done unto others.