theories of imperialism

 

  • Newton believed that imperialism had developed into a new stage known as “reactionary intercommunalism,” characterized by the rise of a small “ruling circle” within the United
    States which had gained a monopoly on advanced technology and the education necessary to use it.

  • The result of neo-colonialism is that foreign capital is used for the exploitation rather than for the development of the less developed parts of the world.

  • The theory of imperialism refers to a range of theoretical approaches to understanding the expansion of capitalism into new areas, the unequal development of different countries,
    and economic systems that may lead to the dominance of some countries over others.

  • [7][8][9][page needed] Marx’s theory of the tendency of the rate of profit to fall was considered particularly important to later theorists of imperialism, as it seemed to
    explain why capitalist enterprises consistently require areas of higher profitability to expand into.

  • The result of these tendencies would be large national blocs of capital competing within a world economy,[52] or in Bukharin’s words: [V]arious spheres of the concentration
    and organization process stimulate each other, creating a very strong tendency towards transforming the entire national economy into one gigantic combined enterprise under the tutelage of the financial kings and the capitalist state, an enterprise
    which monopolizes the national market.

  • The defining characteristics of these tiers changed as Wallerstein adopted new ideas into his world-systems analysis: in his early work, the difference between these tiers
    lies in the strength of the state systems in each country,[91] while in later essays all states serve fundamentally the same purpose as part of an interstate system, which exists to divide the world into areas differentiated by the degree
    to which they benefit from or are harmed by unequal exchange.

  • [92] To Wallerstein, class analysis amounts to the analysis of the interests of “syndical groups” within countries, which may or may not relate to structural positions within
    the world-economy.

  • Bukharin’s main difference with Hilferding was that rather than a single process that leads to imperialism (the increasing concentration of finance capital), Bukharin saw
    two competing processes that would create friction and warfare.

  • In India Marx was critical of the role of merchant capital, which he saw as preventing societal transformation where industrial capital might otherwise bring progressive change.

  • It follows that world capitalism, the world system of production, assumes in our times the following aspect: a few consolidated, organized economic bodies (‘the great civilized
    powers’) on the one hand, and a periphery of underdeveloped countries with a semi-agrarian or agrarian system on the other.

  • Notably it does not rely on an analysis of monopoly capital, or the expansion of the capitalist mode, instead positing that free trade between two fully capitalist nations
    can still be unequal in terms of the underlying value of trade goods, resulting in an imperialist transfer.

  • Baran and Sweezy also rejected the earlier claim that all national industries would form a single “national cartel,” instead noting that there tended to be a number of monopoly
    companies within a country: just enough to maintain a “balance of power.

  • To Frank, any part of the world touched by capitalist exchange was described as “capitalist,” even areas of high self-sufficiency or peasant agriculture, and much of his work
    was devoted to demonstrating the degree to which capitalism had penetrated into traditional societies.

  • Newton declared that nations had instead become a loose collection of “communities of the world,”[80] which must build power through survival programs, creating self-sufficiency
    and a basis for material solidarity with one another.

  • Instead, from the 16th century onwards a world-system formed through market exchange had developed, displacing the “minisystems” (small, local economies) and “world-empires”
    (systems based on tribute to a central authority) that had existed until that point.

  • The struggle against neo-colonialism is not aimed at excluding the capital of the developed world from operating in less developed countries.

  • [26] This process is summarized by Hilferding as follows: The policy of finance capital has three objectives: (1) to establish the largest possible economic territory; (2)
    to close this territory to foreign competition by a wall of protective tariffs, and consequently (3) to reserve it as an area of exploitation for the national monopolistic combines.

  • Cabral differed from historical materialism in that he did not believe that the progression through such historical stages was the result of class struggle, rather that a
    mode of production has its own independent character which can effect change, and only in the second phase of development can class struggle change societies.

  • First, she argued that Marx had made a logical error in his analysis of extended reproduction, which would make it impossible for goods to be sold at prices high enough to
    cover the costs of reinvestment, meaning that buyers external to the capitalist system would be required for capitalist production to remain profitable.

  • This is a key difference with the earlier “classical” theories of imperialism, especially Bukharin, as here monopoly does not represent an intensification of competition but
    rather its total suppression.

  • — Hilferding[27] To Hilferding, monopolies exploited all consumers within their protected areas, not just colonial subjects, however he did believe that “[v]iolent methods
    are of the essence of colonial policy, without which it would lose its capitalist rationale.

  • [72] Nkrumah’s theory was largely based in Lenin’s Imperialism, and followed similar themes to the classical Marxist theories of imperialism, describing imperialism as the
    result of a need to export crises to areas outside Europe.

  • — Bukharin[53] Competition and other independent market forces would, in this system, be relatively restrained at the national level, but much more disruptive at the world
    level.

  • Hobson is best remembered for his Imperialism: A Study, published 1902, which associated imperialism with the growth of monopoly capital and a subsequent underconsumption
    crisis.

  • While there is still an objective reality of class, class consciousness tends to manifest at a state level, or through conflicts of nations or ethnicities, and may or may
    not be based in a reality of world-economic positions (the same is true of bourgeois class consciousness).

  • [88] Arghiri Emmanuel wrote that the intensification of global trade created a hidden transfer of value from poor to rich countries.

  • It is aimed at preventing the financial power of the developed countries being used in such a way as to impoverish the less developed.

  • However unlike the classical Marxist theories, Nkrumah saw imperialism as holding back the development of the colonized world, writing: In place of colonialism, as the main
    instrument of imperialism, we have today neo-colonialism… [which] like colonialism, is an attempt to export the social conflicts of the capitalist countries…

  • “[11] Marx also argued that certain colonial societies’ backwardness could only be explained through external intervention.

  • Historians Peter Duignan and Lewis H. Gann argue that Hobson had an enormous influence in the early 20th century among people from all over the world: Hobson’s ideas were
    not entirely original; however his hatred of moneyed men and monopolies, his loathing of secret compacts and public bluster, fused all existing indictments of imperialism into one coherent system….His ideas influenced German nationalist
    opponents of the British Empire as well as French Anglophobes and Marxists; they colored the thoughts of American liberals and isolationist critics of colonialism.

  • [41] While Luxemburg’s analysis of imperialism did not prove to be as influential as other theories, she has been praised for urging early Marxists to focus on the Global
    South rather than solely on advanced, industrialized countries.

  • Prior to the First World War Hobson, as well as Karl Liebknecht had theorized that imperialist states could, in the future, potentially transform into interstate cartels which
    could more efficiently exploit the remainder of the world without causing warfare in Europe.

  • [10] Marx also noted the need for the capitalist mode of production as a whole to constantly expand into new areas, writing that “‘The need of a constantly expanding market
    chases the bourgeoisie over the whole surface of the globe.

  • Hobson helped make the British averse to the exercise of colonial rule; he provided indigenous nationalists in Asia and Africa with the ammunition to resist rule from Europe
    — Peter Duignan and Lewis H. Gann[16] By 1911, Hobson had largely reversed his position on imperialism, as he was convinced by arguments from his fellow radical liberals Joseph Schumpeter, Thorstein Veblen, and Norman Angell, who argued that
    imperialism itself was mutually beneficial for all societies involved, provided it was not perpetrated by a power with a fundamentally aristocratic, militaristic nature.

  • While in conventional competitive capitalism, any firm which does not introduce new productive techniques will usually fall behind and become unprofitable, in monopoly capitalism,
    there is actually no incentive to introduce new productive techniques, as there are no rivals to gain a competitive advantage over, and thus no reason to render one’s own machinery obsolete.

  • The era of finance capital would be one marked by large companies which are able to raise money from a wide range of sources.

  • This had the effect of essentially forcing banking monopolies to invest directly in production,[24] as Hilferding writes: An ever-increasing part of the capital of industry
    does not belong to the industrialists who use it.

  • [65][66] In doing so Baran and Sweezy were the first theorists to popularize the idea that imperialism is not a force which is both progressive and destructive, but rather
    that it is destructive as well as a barrier to development in many countries.

  • [1] These theories are considered distinct from other uses of the word imperialism which refer to the general tendency for empires throughout history to seek power and territorial
    expansion.

  • Another key aspect of world-systems theory is the idea of world hegemo

  • [47] Despite being sharply criticized in its own day, ultra-imperialism has been revived to describe instances of inter-imperialist cooperation in later years, such as cooperation
    among capitalist states in the Cold War.

  • [54] Bukharin’s theory of imperialism is also notable for reintroducing the theory of a labor aristocracy in order to explain the perceived failure of the Second International.

  • In Frank’s earlier writings he believed this system of relations extended back to the 16th century,[78] while in his later work (after his adoption of world-systems theory)
    he believed it extended as far back as the 4th millennium BC.

  • In doing so, this allowed colonial regions to serve as a “release valve” for European social and economic crises, such as through exporting unwanted populations as settlers,
    or overexploiting colonial regions in such a manner that would provoke revolt if it were performed in Europe.

  • [61] The enormous military and research investments of the Cold War can be explained through a need to solve over-investment resulting from underconsumption.

  • On the other side, the banks have to invest an ever-increasing part of their capital in industry, and in this way they become to a greater and greater extent industrial capitalists.

  • Through creating a permanently unsettled global underclass, Europeans had also created a permanent reserve army of labor, who, once imported into Europe or the Americas, could
    easily be kept from organizing through racism and stratified wages.

  • Investment, under neo-colonialism, increases, rather than decreases, the gap between the rich and the poor countries of the world.

  • He furthermore noted that western, developed nations had much higher wages than underdeveloped ones, which he credited to higher rates of unionization rather than a difference
    in productivity, for which he saw no evidence.

  • In addition to this transfer of surplus, Frank noted that satellite economies become “distorted” over time, developing a low-waged, primary goods-producing industrial sector
    with few available jobs, leaving much of the country reliant on pre-industrial production.

  • Bukharin argued that increased superprofits from the colonies constituted the basis for higher wages in advanced countries, causing some workers to identify with the interests
    of their state rather than their class.

  • These communities (led by a vanguard of the Black lumpenproletariat) would then be able to join into a universal identity, expropriate the ruling circle, and establish a new
    stage known as “revolutionary intercommunalism,” which could itself lead to communism.

  • These competing drives to exploit and destroy pre-capitalist societies led Luxemburg to the conclusion that capitalism would end once it ran out of pre-capitalist societies
    to exploit, leading her to campaign against war and colonialism.

  • [43][44] In 1914 Karl Kautsky expressed a similar idea, coining the term ultra-imperialism, or a stage of peaceful cooperation between imperialist powers, where countries
    would forego arms races and limit competition.

  • In addition to this, capital exports into the less concretely divided areas of the world have increased, and monopoly companies seek protection from their parent states in
    order to secure these foreign investments.

  • [73] — Nkrumah, Introduction to Neo-Colonialism, The Last Stage of Imperialism Nkrumah’s combination of elements from classical Marxist theories of imperialism with the conclusion
    that imperialism systematically underdevelops poor nations would, like the similar writings of Ché Guevara,[74] prove influential among leaders of the non-aligned movement and various national-liberation groups.

  • Hobson argued that the growth of monopolies within capitalist countries tends to concentrate capital in fewer hands, leading to an increase in savings, and a corresponding
    decline in investment.

  • This problem can, however, be delayed through investments in unproductive aspects of society (such as the military), or through capital export.

  • [88] Emmanuel’s theory generated considerable interest through the 1970s, and was incorporated into many later theorists’ work, albeit in a modified form.

  • In an introduction to Bukharin’s Imperialism and World Economy for example, Lenin contended that “in the abstract one can think of such a phase.

  • Most later writers, such as Samir Amin, believed unequal exchange was a side-effect of differences in productivity between core and periphery, or (in the case of Charles Bettelheim)
    of differences in organic composition of capital.

  • Monopoly was thus not an end to competition, but rather each successive intensification of Monopoly capital into larger blocs would entail a much more intensive form of competition,
    at ever larger scales.

  • Imperialism, then, represented any barrier to indigenous social transformation, with Cabral noting that colonial society had failed to develop a mature set of class dynamics.

  • [90] Wallerstein[edit] Main article: World-systems theory A world map of countries by their trading status in 2000, using Wallerstein’s categories of core countries (blue),
    semi-periphery countries (yellow) and periphery countries (red).

  • In the second, social structures are vertical, with a class society, private property, and a high level of productive forces.

  • These two drives result in a need to safeguard the monopoly’s foreign investments, or break up existing protections to better penetrate foreign markets, adding to the pressure
    to annex foreign countries.

 

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