Ulhas wrote:
> 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?
This is by itself meaningless. As you know, Great Britain ran an enormous current account deficit vis-a-vis India in the last decade of the raj, leading to a massive Indian capital accumulation (in pounds, which Keynes saw to it were blocked). In that case it was a sign of the imperialist relationship - the ability to run a massive current account deficit paid for by printing pounds. There is some similarity with the US today. But to say anything interesting you would have to go way beyond this sound bite about the current account deficit. The basis (no pun) for anti-imperialism in Japan is crystal clear in - say - Okinawa.
john mage