Imperialism in the Twenty-First Century: Globalization, Super-Exploitation, and Capitalism’s Final Crisis

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Description

Winner of the primary Paul A. Baran-Paul M. Sweezy Memorial Award for an original monograph focused on the political economy of imperialism, John Smith’s Imperialism within the Twenty-First Century is a seminal examination of the connection between the core capitalist countries and the remainder of the world within the age of neoliberal globalization.Deploying a sophisticated Marxist methodology, Smith begins by tracing the production of certain iconic commodities-the T-shirt, the cup of coffee, and the iPhone-and demonstrates how these generate enormous outflows of money from the countries of the Global South to transnational corporations headquartered within the core capitalist nations of the Global North. From there, Smith draws on his empirical findings to powerfully theorize the current shape of imperialism. He argues that the core capitalist countries need no longer depend on military force and colonialism (even though these still occur) but an increasing number of may be able to extract profits from workers within the Global South through market mechanisms and, by aggressively favoring places with lower wages, the phenomenon of labor arbitrage. Meticulously researched and forcefully argued, Imperialism within the Twenty-First Century is a tremendous contribution to the theorization and critique of global capitalism.

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