The idea that workers in wealthy countries like the United States are part of a “labor aristocracy” bought off with the fruits of imperialism is nonsense. The best way to build a movement against US imperialism is to build the labor movement domestically.
Some real bangers in this one
Ah yes those two entirely separate realms, politics and economics
So the theory of capitalism and the theory of imperialism are two entirely separate things? Imperialism is not a natural outgrowth of capitalism? Why would the ruling class of one country seek to constrain the working class of another if not to exploit them? (Later he goes on to explain that colonialism happens because of capitalism and he also calls colonialism a form of imperialism)
"Capitalism is still competitive" what universe does this moron live in?
Lenin states that the imperialist countries divide up the world and fight at the boundaries. He predicts a "United States of Europe" in Imperialism, He never said they don't cooperate - they just choose their battlefields together.
Lmao Cuban, Vietnamese, and Palestinian nationalism isn't progressive?
So Lenin's theory was bad but he reached the correct conclusion - Kautsky had the right theory and the wrong conclusion. I am very smart.
How did they become gigantic firms Jim? How many gigantic firms do we have?
Because imperialism cheapens foreign goods against domestic wages! It's why an apple picked next door costs a dollar but a banana picked a thousand miles away costs 25 cents!
Maybe in the 1890s, you know before the imperialist stage of capitalism. By the mid 20th century they weren't leading shit.
No it is not. The ownership of foreign industrial capital by imperialist finance capital was a new phenomenon by the end of the 19th century - distinct from the national capitalism of Marx's era.
gibberish
How many American unions have made deals with capital to become undemocratic, opposed to growth, and downright conservative? How many American unions have fervently supported every war effort in the last 100 years? How many unions have become xenophobic and nationalist because they agreed with capital that foreigners were undermining them?
There are successors though they aren't particularly significant. World Systems is probably the most mainstream. The anti-colonial movement also advanced new understandings of imperialism.
Maybe American capital invests in European countries and then sends its military to protect those investments? Idk just spitballing here.
Funny enough, his definition of anti-imperialism is fine at the end, but he avoids why the labor aristocracy is conservative, why it is nationalist, and the question of whether it will ever revolt is never brought up.
Edit: https://jacobin.com/2020/01/afl-cio-cold-war-imperialism-solidarity
That's a pretty informative takedown, one thing about third world nationalism: Cuba, Palestine and Vietnam didn't start off where they are now, they had to adjust their nationalism to get there and also there is a reason why Chibber wasn't mentioning them as an example.
Also third world nationalism isn't only a thing in AES states, there are reactionary nationalist states in the third world, i don't think what he says here is that much off.
Can't say anything else about the others, you're probably right or i didn't read enough lenin.
Do you have any article or study about this? Unrelated but i am in a debate on reddit exactly about this topic.
Unfortunately I can't find numbers for US overseas investment by country, but it totals to thirty-one trillion (table A). Of that, six and a half trillion is Foreign Direct Investment which means investments that yield at least a 10% stake. Nearly four trillion (around 64%) of US FDI is in Europe which I think is a good indicator of where portfolio investments are as well. You can compare FDI data of countries here.
That's not the whole picture of course. For example US/global oil policy aims to control prices (via the OPEC cartel) so we garrison armies in Saudi Arabia even if we don't have huge investments there. There's also the military industrial complex which is extremely profitable and needs lots of troops to be stationed overseas to remain as such. Geostrategic positioning also plays a role, we put troops on the border of Russia's sphere of influence.
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