[lbo-talk] Re: New Imperialism?

Doug Henwood dhenwood at panix.com
Wed Mar 30 11:48:17 PST 2005


John Mage wrote:


>I recollect a conversation with the late excellent David Gordon, in
>which he said that if you ran current (this was some twenty years ago -
>but it would be even more true today) center-periphery trade balances
>with the relative prices of 1900 for the primary trade categories, the
>difference in favor of the periphery would account for the entire growth
>in the center.

But does that turn on the power relations of imperialism, or the declining importance of primary products in economic life?

Doug



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