[Marxism] Some light Xmas reading: Corbyn's Labour and British Imperialism

Philip Ferguson philipferguson8 at gmail.com
Mon Dec 24 13:54:55 MST 2018

>From an interesting talk given in Dunedin public library (NZ) in late 2016
by a Sri Lankan / British Marxist:

"Britain is a major imperialist power – historically with some of the
highest foreign direct investment earnings worldwide (although this has
slumped somewhat since 2011). For example in 1993, following the 1990-92
recession, British investment overseas (direct and portfolio), at £101.9bn,
was greater than the total capital investment in Britain at £94.2bn and
more than eight times the investment in manufacturing industry. Such a
relationship between the export of capital and investment in Britain last
occurred in the period leading up to the first imperialist war. Lenin’s
description of imperialism as parasitic and decaying capitalism has never
been so appropriate.

"Marx and Engels said in the 1848 Communist Manifesto, “the executive of
the modern state is but a committee for managing the common affairs of the
whole bourgeoisie.” Therefore, the British state is the defender, in the
last analysis, of British imperialist expansion and exploitation. It cannot
be otherwise under capitalism.

"In an imperialist country, against the general advance of the workers’
movement, the ruling class could not stay in power and maintain the facade
of bourgeois democracy without winning the allegiance of a section of the
working class to its side. But not just any section. From the bourgeoisie’s
viewpoint, the. . ."

full at:

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