Imperialism and Global Political Economy by Alex Callinicos

By Alex Callinicos

In Imperialism and worldwide Political Economy Alex Callinicos intervenes in a single of the most political and highbrow debates of the day. the worldwide guidelines of the <st1:place w:st="on"><st1:country-region w:st="on">United States</st1:country-region></st1:place> some time past decade have inspired the frequent trust that we are living in a brand new period of imperialism. yet is that this trust precise, and what does 'imperialism' mean?
Callinicos explores those questions during this wide-ranging e-book. within the first half, he significantly assesses the classical theories of imperialism constructed within the period of the 1st international conflict by way of Marxists similar to Lenin, Luxemburg, and Bukharin and by way of the Liberal economist J.A. Hobson. He then outlines a concept of the connection among capitalism as an financial system and the overseas country process, carving out a particular place in comparison to different modern theorists of empire and imperialism reminiscent of Antonio Negri, David Harvey, Giovanni Arrighi, and Ellen Wood.
In the second one half Imperialism and worldwide Political Economy Callinicos strains the historical past of capitalist imperialism from the Dutch East India corporation to the categorical styles of monetary and geopolitical pageant within the modern period of yank decline and chinese language growth. Imperialism, he concludes, is much from dead.
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As M . C . Howard and J . E . King put it, '[o]ver and over again it has been urged against her that capitalists can and must constitute each other's customers, and that demand for that part of the social product which is destined for accumulation comes from capitalists intent upon increasing their employment of constant and variable capital'. Her rebuttal of this objection reveals instructive misunderstandings of Marx's method in Capital: 40 It cannot be discovered from the assumptions of Marx's diagram for whose sake production is progressively expanded .

Runciman, and the variations on structural realism in mainstream International Relations theory; my suggestion that a Marxist theory of the international might find a place for 'a realist moment' has already caused some anguish. This insistence that theoretical considerations follow their own logic is not, however, counterposed to political imperatives, but rather seeks to make the pursuit of the latter more effective. Reiterating orthodoxy won't help us understand contemporary trends. Thus the stress on competition, common to both Harvey and me, doesn't imply any claim that the patterns of the first half of the twentieth century are repeating themselves - thank God, since the mutually reinforcing dynamics of economic and geopolitical rivalry that then prevailed produced the two world wars.

To discover and present the concrete forms which grow out of the process of capital's movement considered as a whole. In their actual movement, capitals confront one another in certain concrete forms, and in relation to these, both the shape capital assumes in the immediate production process and its shape in the process of circulation appear merely as particular moments. The configurations of capital, as developed in this volume, thus approach step by step the form in which they appear on the surface of society, in the action of the different capitals on one another, ie in competition, and in the everyday consciousness of the agents of production themselves.

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