Nathan and Imperialsim

Ulhas Joglekar uvj at vsnl.com
Wed Sep 25 18:53:46 PDT 2002


Carrol Cox wrote:


> Most "leninists" I know see imperialism
> as a mode of existence of advanced capitalism, flowing from one of the
> fundamental features of capitalism, its inability _not_ to grow.

I am not sure how Carrol Cox sees the connection between imperialism and growth. But it's common knowledge that the US economy is seen as an engine of growth, particularly in east and south east Asia. The US current account deficit ($ 500 bn per year?) is stimulating capital accumulation in other parts of the world. China and Japan are the most important beneficiaries of this process. Where is the basis for anti-imperialism?

Ulhas



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