Image by Benjamin Solah via Flickr
by Will Griffin
Writer, Dandelion Salad
June 14, 2022
The Peace Report on Jun 8, 2022
In the previous video, we discussed how the capitalist-imperialist system developed over the past century. Today, in the current phase, we will discuss its 4 main characteristics, as laid out by Pao-Yu Ching in the highly recommended book, Lenin’s Imperialism in the 21st Century published by the Institute of Political Economy.
Pao-Yu Ching describes 4 characteristics of the current phase of imperialism as:
- The hegemonic status of the US dollar and the US domination in international finance.
- The internationalization of production and accumulation.
- The interconnectedness of the global capitalist class.
- The unresolvable and deepening contradictions between the capitalist state and its people.
See also:
The Global Police State by William I. Robinson
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From the archives:
Michael Parenti: Globalization, the New Imperialism
Will Griffin: Imperialism After Lenin
Will Griffin: Understanding Imperialism: One Divides Into Two
Michael Hudson: Sanctions: The Blowback
The American Empire Self-destructs, by Michael Hudson
William I. Robinson: The Global Police State, Capitalism and 21st Century Fascism
Imperialism is the Source of our Society’s Growing Misery and Death, by Rainer Shea
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Sounds so familiar a program as what the British did to Ireland so many years ago.