Wednesday, December 3, 2014

World Economy: Capitalism lurches from one crisis to another ;

Despite vast amounts of imperial data to the contrary, the great majority of writers on imperialism continue to describe and analyze US imperialism strictly in economic terms, as an expansion of “capital accumulation”, “accumulation on a world scale”. In fact the major and minor US imperial wars have more to do with “capital dis-accumulation”, in the sense that trillion dollar flows have gone out from the US, hundreds of billions of dollars in profits from resource sites have been undermined, markets for exports have been severely weakened and exploitable productive labor has been uprooted.nbsp;

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