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Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, a price system, private property and the recognition of property rights, voluntary exchange and wage labor. In a capitalist market economy, decision-making and investments are determined by every owner of wealth, property or production ability in capital and financial markets whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets.
Imperialism is a policy or ideology of extending the rule over peoples and other countries, for extending political and economic access, power and control, often through employing hard power especially military force, but also soft power. While related to the concepts of colonialism and empire, imperialism is a distinct concept that can apply to other forms of expansion and many forms of government.
State capitalism is an economic system in which the state undertakes business and commercial economic activity and where the means of production are organized and managed as state-owned enterprises, or where there is otherwise a dominance of corporatized government agencies or of public companies such as publicly listed corporations in which the state has controlling shares. Marxist literature defines state capitalism as a social system combining capitalism with ownership or control by a state. By this definition, a state capitalist country is one where the government controls the economy and essentially acts like a single huge corporation, extracting the surplus value from the workforce in order to invest it in further production. This designation applies regardless of the political aims of the state. Many scholars argue that the economy of the Soviet Union and of the Eastern Bloc countries modeled after it, including Maoist China, were state capitalist systems. They also argue that the current economy of China constitutes a form of state capitalism.
Neocolonialism is the practice of using economics, globalisation, cultural imperialism and conditional aid to influence a country instead of the previous colonial methods of direct military control (imperialism) or indirect political control (hegemony). Neocolonialism differs from standard globalisation and development aid in that it typically results in a relationship of dependence, subservience, or financial obligation towards the neocolonialist nation. This may result in an undue degree of political control or spiraling debt obligations, functionally imitating the relationship of traditional colonialism.
American imperialism consists of policies aimed at extending the political, economic and cultural influence of the United States over areas beyond its boundaries. Depending on the commentator, it may include military conquest, gunboat diplomacy, unequal treaties, subsidization of preferred factions, economic penetration through private companies followed by intervention when those interests are threatened, or regime change.
Superprofit, surplus profit or extra surplus-value is a concept in Karl Marx's critique of political economy subsequently elaborated by Vladimir Lenin and other Marxist thinkers.
World-systems theory is a multidisciplinary, macro-scale approach to world history and social change which emphasizes the world-system as the primary unit of social analysis.
In Marxian economics and preceding theories, the problem of primitive accumulation of capital concerns the origin of capital, and therefore of how class distinctions between possessors and non-possessors came to be.
Samir Amin was an Egyptian-French Marxian economist, political scientist and world-systems analyst. He is noted for his introduction of the term Eurocentrism in 1988 and considered a pioneer of Dependency Theory.
Imperialism: A Study (1902), by John A. Hobson, is a politico–economic discourse about the negative financial, economic, and moral aspects of imperialism as a nationalistic business enterprise.
Criticism of capitalism ranges from expressing disagreement with the principles of capitalism in its entirety to expressing disagreement with particular outcomes of capitalism.
Marxist and neo-Marxist international relations theories are paradigms which reject the realist/liberal view of state conflict or cooperation, instead focusing on the economic and material aspects. It purports to reveal how the economy trumps other concerns, which allows for the elevation of class as the focus of the study.
John Bellamy Foster is an American professor of sociology at the University of Oregon and also editor of Monthly Review. He writes about political economy of capitalism and economic crisis, ecology and ecological crisis, and Marxist theory. He has given numerous interviews, talks, and invited lectures, as well as written invited commentary, articles, and books on the subject.
Rentier capitalism is a term currently used to describe the belief in economic practices of monopolization of access to any kind of property and gaining significant amounts of profit without contribution to society. The origins of the term are unclear; it is often said to be used in Marxism, yet the very combination of words rentier and capitalism was never used by Karl Marx himself.
Monopoly Capital: An Essay on the American Economic and Social Order is a 1966 book by the Marxian economists Paul Sweezy and Paul A. Baran. It was published by Monthly Review Press. It made a major contribution to Marxian theory by shifting attention from the assumption of a competitive economy to the monopolistic economy associated with the giant corporations that dominate the modern accumulation process. Their work played a leading role in the intellectual development of the New Left in the 1960s and 1970s. As a review in the American Economic Review stated, it represented "the first serious attempt to extend Marx’s model of competitive capitalism to the new conditions of monopoly capitalism." It attracted renewed attention following the Great Recession.
Michael Hudson is an American economist, Professor of Economics at the University of Missouri–Kansas City and a researcher at the Levy Economics Institute at Bard College, former Wall Street analyst, political consultant, commentator and journalist. He is a contributor to The Hudson Report, a weekly economic and financial news podcast produced by Left Out.
Imperialism, the Highest Stage of Capitalism (1917), by Vladimir Lenin, describes the function of financial capital in generating profits from imperialist colonialism as the final stage of capitalist development to ensure greater profits. The essay is a synthesis of Lenin's modifications and developments of economic theories that Karl Marx formulated in Das Kapital (1867).
Maoism , often stylized as Maoism–Third Worldism or simply MTW and not to be confused with Third Worldism generally, is a broad tendency which is mainly concerned with the infusion and synthesis of Marxism—particularly of the Marxist–Leninist–Maoist persuasion—with concepts of non-Marxist Third Worldism, namely dependency theory and world-systems theory.
Anti-imperialism in political science and international relations is a term used in a variety of contexts, usually by nationalist movements who want to secede from a larger polity or as a specific theory opposed to capitalism in Marxist–Leninist discourse, derived from Vladimir Lenin's work Imperialism, the Highest Stage of Capitalism. A less common usage is by supporters of a non-interventionist foreign policy.
Proletarian internationalism, sometimes referred to as international socialism, is the perception of all communist revolutions as being part of a single global class struggle rather than separate localized events. It is based on the theory that capitalism is a world-system and therefore the working classes of all nations must act in concert if they are to replace it with communism.
References
- ↑ "Monthly Review - Naked Imperialism". monthlyreview.org. 1 September 2005.
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