[Marxism] Imperialism and the differences in the capitalist offensive in the First and Third Worlds

Philip Ferguson philipferguson8 at gmail.com
Tue Apr 18 21:21:55 MDT 2017

"The attack on organised labour and working people in Europe, Japan and the
USA, through intensification of labour, wage repression and cuts in social
spending, was on its own nothing like enough to allow capitalism to escape
from the systemic crisis of the 1970s. The most important contribution to
the resumption of capitalist accumulation in its heartlands was the
surplus-value extracted from hundreds of millions of workers in the
export-oriented industries of the Third World (or Global South) and
captured by imperialist transnational corporations (TNCs) and their
suppliers as profits and by imperialist states through taxation. Once
again, systemic crisis propelled capitalism along an imperialist
trajectory. . ."

full at:

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