"Imperialism never disappeared. The classical Marxist theorists... established something that remains valid: Imperialism is at root an economic phenomenon, a historically specific way of organizing accumulation and surplus extraction at the world scale, backed by coercive state power."
"The forms and mechanisms of imperialism, however, have changed profoundly. The imperialism of the great powers before 1914 rested on territorial possession, colonial administration, and the direct extraction of resources."
Imperialism remains a significant aspect of contemporary capitalism, contrary to the belief that globalization rendered it obsolete. Costas Lapavitsas emphasizes that imperialism is fundamentally an economic phenomenon, deeply rooted in capitalism and supported by state power. The mechanisms of imperialism have transformed, moving away from direct territorial control to more complex forms of economic dominance. The current geopolitical climate, influenced by figures like President Trump, raises concerns about escalating tensions and the potential for global conflict.
Read at Truthout
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