The changing face of imperialism : colonialism to contemporary capitalism PDF
Preview The changing face of imperialism : colonialism to contemporary capitalism
‘The Changing Face of Imperialism combines the analyses from a set of most competent Indian thinkers. An enlightening collection which simultaneously reminds the reader of the continuities of that major facet of capitalism through the successive phases of its global deploy- ment and gives its full importance to the changes associated with the dominance of contemporary finance capital. An essential reading to understand the challenges of our time.’ Samir Amin, Director, Third World Forum, Dakar and former Director, Institut Africain de Développement Économique et de Planification (IDEP) and Professor at the Universities of Poitiers, Dakar and Paris ‘A very timely volume which going against the current forcefully reminds us that imperialist surplus appropriation continues to occur in the contemporary world though formal colonies are long gone. The authors of this volume are globally renowned specialists in their respec- tive areas and the volume has successfully brought them together to make an important common point.’ Aditya Mukherjee, Professor of Modern History, Jawaharlal Nehru University, New Delhi, India The Changing Face of Imperialism This volume reiterates the relevance of imperialism in the present, as a continuous arrangement, from the early years of empire-colonies to the prevailing pattern of expropriation across the globe. While impe- rialism as an arrangement of exploitation has sustained over ages, measures deployed to achieve the goals have gone through variations, depending on the network of the prevailing power structure. Provid- ing a historical as well as a conceptual account of imperialism in its ‘classical’ context, this collection brings to the fore an underlying unity which runs across the diverse pattern of imperialist order over time. Dealing with theory, the past and the contemporary, the study con- cludes by delving into the current conjuncture in countries including Latin America, the United States and Asia. The Changing Face of Imperialism will provide fresh ideas for future research into the shifting patterns of expropriation – spanning the early years of sea-borne plunder and the empire-colonies of nineteenth- century to contemporary capitalism, which is rooted in neoliberalism, globalization and free market ideology. With contributions from major experts in the field, this book will be a significant intervention. It will be of interest to scholars and researchers of economics, politics, sociology and history, especially those dealing with imperial history and colonialism. Sunanda Sen is former Professor of Economics, Jawaharlal Nehru University, New Delhi, India. She researches contemporary capitalism, international finance, economic history and development. Her pub- lications include over 70 articles in reputed journals and ten books, including Dominant Finance and Stagnant Economy (2014), Globali- sation and Development (2008, 2013) and Unfreedom and Waged Work (with Byasdeb Dasgupta, 2009). Maria Cristina Marcuzzo is Professor of Economics, University of Rome, ‘La Sapienza’, Italy, and Fellow of the Italian Academy of Lincei. She has worked on classical monetary theory, the Cambridge School of Economics, Keynesian economics and, more recently, on Keynes’s investments in financial markets. She has published about 100 articles in journals and books, and authored/edited 20 volumes. The Changing Face of Imperialism Colonialism to Contemporary Capitalism Edited by Sunanda Sen and Maria Cristina Marcuzzo First edition published 2018 by Routledge 2 Park Square, Milton Park, Abingdon, Oxon, OX14 4RN and by Routledge 711 Third Avenue, New York, NY 10017 Routledge is an imprint of the Taylor & Francis Group, an informa business © 2018 selection and editorial matter, Sunanda Sen and Maria Cristina Marcuzzo; individual chapters, the contributors The right of Sunanda Sen and Maria Cristina Marcuzzo to be identified as the authors of the editorial material, and of the authors for their individual chapters, has been asserted in accordance with sections 77 and 78 of the Copyright, Designs and Patents Act 1988. All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers. Trademark notice: Product or corporate names may be trademarks or registered trademarks, and are used only for identification and explanation without intent to infringe. British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library Library of Congress Cataloging-in-Publication Data A catalog record for this book has been requested ISBN: 978-1-138-08271-7 (hbk) ISBN: 978-1-351-18481-6 (ebk) Typeset in Sabon by Apex CoVantage, LLC Contents List of figures x List of tables xii Notes on contributors xv Preface xvii Introduction 1 SUNANDA SEN AND MARIA CRISTINA MARCUZZO PART I The conceptual basis of imperialism 13 1 Imperialism, the ‘old’ and the ‘new’: departures and continuities 15 SATYAKI ROY 2 Marx’s Capital and the global crisis 37 JOHN SMITH 3 Reflections on contemporary imperialism 61 PRABHAT PATNAIK 4 The particularity of imperialism in the stage of neoliberal globalisation and global capitalism: a dialogue between Nikolai Bukharin and Aimé Césaire 78 ANJAN CHAKRABARTI 5 Is imperialism a relevant concept in today’s world? 104 SUBHANIL CHOWDHURY viii Contents PART II Patterns of contemporary imperialism 129 6 Latin America in the new international order: new forms of economic organisations and old forms of surplus appropriation 131 NOEMI LEVY ORLIK 7 Latin America and imperialism 160 AMIYA KUMAR BAGCHI 8 Did US workers gain from US imperialism (1985–2000)? 171 GERALD EPSTEIN PART III Imperialism and the colonial context 199 9 India’s global trade and Britain’s international dominance 201 UTSA PATNAIK 10 Unrequited exports of labour from India in late-nineteenth and early-twentieth centuries: Britain’s financial interest in plantation colonies 226 SUNANDA SEN 11 Labour laws and the global economy: the discourse of labour control and welfare in India, 1919–1947 247 SABYASACHI BHATTACHARYA PART IV Contemporary capitalism and the Indian economy 265 12 Financialisation in contemporary capitalism: an inter-sectoral approach to trace sources of instability in finance, real estate and business services in India 267 SUKANYA BOSE AND ABHISHEK KUMAR Contents ix 13 Contemporary imperialism and labour: an analytical note 295 BYASDEB DASGUPTA 14 ‘Emerging’ Third World capitalism and the new imperialism: the case of India 310 SURAJIT MAZUMDAR Index 331
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