Archive for October, 2018

‘Imperialism in the Twenty-First Century’ – A Review[1]

— Rahul Varman[2]

 We apologise for the long delay in publishing this review. Nevertheless, it remains relevant. — RUPE

 Imperialism in the Twenty-First Century by John Smith, Monthly Review Press, 2016.

Even in the days of Brexit and Donald Trump, the dominant theme of the corporate media remains that the rising tide of ‘globalisation’ will lift all boats. Some go so far as to claim that the UK and the US are not for globalisation because it  favours the developing nations. Others do recognise the division between the exploited multitude and the exploiting elite, but they pose such divisions at a global level, independent of the division between developed and developing nations. Even those who discuss imperialism have focussed on the spheres of finance and/or the realm of extractive industries, and may ignore the sphere of manufacturing.

Smith’s work argues that globalisation is all about imperialism, that is, the systematic exploitation of people and resources of the so-called developing nations of the South[3] by the corporate interests and the states of the North. More importantly, he contends that the shift of global manufacturing to the South is at the heart of the “imperialism of the twenty-first century.” Given the significance of Smith’s work, I have attempted here, not so much a review, but a detailed presentation. The purpose is to persuade a potential reader to go through the original, as well as to aid those who may not be able to access or read the whole book (in part II some of the details and the data are provided; those looking for the basic argument may skip it). (more…)

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