At the beginning there one passage where he is a bit too strict when he says: "The export of capital -that is global investment - as opposed to export of commodities becomes the distinguishing feature of imperialism." While I share this idea I would have not said "as opposed to" but as different from, because though the determining feature of imperialism is export of capital it has been accompanied always by the export of commodities.
--------------
The problem with this is that the USA and UK have not be net exporters of capital for a long time, the main exporters of capital are Japan and China.
The University of Glasgow, charity number SC004401
_______________________________________________
ope mailing list
ope@lists.csuchico.edu
https://lists.csuchico.edu/mailman/listinfo/ope
Received on Tue Dec 29 13:07:28 2009
This archive was generated by hypermail 2.1.8 : Thu Dec 31 2009 - 00:00:02 EST