Globalization of Capital and the Nation-State: Imperialism, by Berch Berberoglu

By Berch Berberoglu

This e-book presents a cogent research of the globalization approach and the position of the imperial country in twentieth-century capitalist enlargement on an international scale. It examines the advance of capitalism and the capitalist nation throughout nationwide limitations and strains the evolution of imperialism and inter-imperialist rivalries that experience come to outline the character of the realm political financial system.

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Extra info for Globalization of Capital and the Nation-State: Imperialism, Class Struggle, and the State in the Age of Global Capitalism

Example text

He argued that [tlhe economic root of Imperialism is the desire of strong organized industrial and financial interests to secure and develop at the public expense and by the public force private markets for their surplus goods and their surplus capital. . Imperialism-whether it consists in a further policy of expansion or in the rigorous maintenance of all those vast tropical lands which have been earmarked 25 26 Chapter Two as British spheres of influence-implies militarism now and ruinous wars in the future.

When, however, this operation grows to enormous dimensions we find that a handful of monopolists subordinate to their will all the operations, both commercial and industrial, of the whole of capitalist society; for they are enabled-by means of their banking connections, their current accounts and other financial operations -first, to ascertain exactly the financial position of the various capitalist, then to control them, to influence them by restricting or enlarging, facilitating or hindering credits, and finally entirely determine their fate.

Large as was our foreign and colonial trade in volume and in value, essential as was much of it to our national well-being, nevertheless it furnished a small proportion of the total industry of the nation. . The distinctive feature of modem Imperialism, from the commercial standpoint, is that it adds to our empire tropical and subtropical regions with which our trade is small, precarious and unprogressive. . The entire volume of our export trade with our new protectorates in Africa, Asia and the Pacific .

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