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  • Monthly Review Essays
  •  | Winston Churchill | MR Online

    Winston Churchill & British imperialism

    Originally published: Economics of Imperialism on October 18, 2021 (more by Economics of Imperialism)  |

    Even patriotic Brits know that their hero Winston Churchill did not win World War 2 or fly a Spitfire. What they, and others, may not know is how his statements often shed a clear light on British imperialism.

  •  | World Power Ranking | MR Online

    World power

    Originally published: Economics of Imperialism on September 14, 2021 (more by Economics of Imperialism)  |

    The concentration of global power is extreme, and it rests upon the different ways a country can have influence over how the world works.

  •  | Bitcoin | MR Online

    Cryptocrap

    Originally published: Economics of Imperialism on April 6, 2021 (more by Economics of Imperialism)  |

    Bitcoin’s growth from just being a tech curiosity was driven by popular discontent with banks and banking systems, mainly in the U.S. after 2008.

  •  | The UKs Singapore on Thames Delusion | MR Online

    The UK’s Singapore-on-Thames delusion

    Originally published: Economics of Imperialism on January 20, 2021 (more by Economics of Imperialism)  |

    I will not spend much time on this topic because it is so ridiculous. But the notion that the UK can become a ‘Singapore-on-Thames’ seems to underlie some Brexit fantasies. Do these have any foundation? – Tony Norfield

  •  | airbnb app logo | MR Online

    Airbnb’s A’s and B’s

    Originally published: Economics of Imperialism on December 11, 2020 (more by Economics of Imperialism)  |

    This is most clearly shown in what is allowed by the powers that run the financial system.

  •  | Hurley telegram to Roosevelt | MR Online

    The Mao-Roosevelt No meeting, 1945

    Originally published: Economics of Imperialism on December 2, 2020 (more by Economics of Imperialism)  |

    In January 1945, Mao Tse-tung sent a message to U.S. President Roosevelt asking to visit the U.S. and discuss future relationships with China. The message got blocked by a U.S. diplomat in China, and Roosevelt apparently did not receive it.

  •  | Trump  Xi with flags | MR Online

    China & U.S. power

    Originally published: Economics of Imperialism on July 14, 2020 (more by Economics of Imperialism)  |

    Can China do much to fight back against the power wielded by the U.S. in the world economy? At first sight, that looks unlikely. China is big, but world trade is conducted in dollars, and the U.S. has economic, political and military influence across the globe.

  •  | Artsy Mike Mozart | Slam Dunk Success 2017 | Artsy | MR Online

    Richie Rich & friends

    Originally published: Economics of Imperialism on July 1, 2020 (more by Economics of Imperialism)  |

    Being the biggest rich capitalist country, the U.S. also has the largest number of wealthy people. Quite how many will come as a bit of a surprise for those who have heard the ‘1% versus 99%’ slogan; it is not just Bill Gates and Jeff Bezos.

  •  | Flickr No War with Iran  Durham 2020 Jan | Anthony Crider | Flickr | MR Online

    Viruses & imperialism

    Originally published: Economics of Imperialism on June 9, 2020 (more by Economics of Imperialism)  |

    Despite conspiracy theories, there is no evidence whatsoever that the virus was manufactured in or escaped from a laboratory, in China or anywhere else. Such accusations ignore how easy viral transmission can be when other factors come into play.

  •  | unemployment | MR Online

    British workers

    Originally published: Economics of Imperialism on October 22, 2019 (more by Economics of Imperialism)  |

    As we wait impatiently while the Brits go through the interminable travail of Brexit, let us have a look at who they are. Not directly in a social, cultural or political sense, but by reviewing the data on UK employment. Work gives a foundation for people’s daily lives and will, in turn, have an impact on society, culture and politics.

  •  | Currency | MR Online

    FX & Imperialism

    Originally published: Economics of Imperialism on October 7, 2019 (more by Economics of Imperialism)  |

    What affects the exchange rate of a country’s currency? The answer depends on where that country stands in the world economy. Not simply because an exchange rate is the value of one currency versus another, so that you must weigh up two or more countries.

  •  | China  global trade 2018 BoE Fin Stab rep July2019 | MR Online

    China & World trade

    Originally published: Economics of Imperialism on July 15, 2019 (more by Economics of Imperialism)  |

    Just in case you had forgotten that China is a major part of the global economy, here is a chart from the Bank of England’s Financial Stability Report.

  •  | Total Non Financial Sector Debt of GDP | MR Online

    Debt update

    Originally published: Economics of Imperialism on July 18, 2019 (more by Economics of Imperialism)  |

    While the ratio of debt to GDP fell in 2018—for the first time in a decade—for both advanced & emerging market economies it remains high, much higher than at the start of the 2007-08 crisis; and has also continued to rise in some major economies.
    https://mronline.org/2019/07/22/debt-update/

  •  | Ottoman Palestine 1878 Passiaorg | MR Online

    The promised land

    Originally published: Economics of Imperialism on June 18, 2019 (more by Economics of Imperialism)  |

    Palestine really was the Promised Land. So much so that it was promised to three different groups within a couple of years.

  •  | Huawei | MR Online

    Racism & imperial anxiety: U.S. vs Huawei

    Originally published: Economics of Imperialism on April 16, 2019 (more by Economics of Imperialism)  |

    U.S. political opinion against China has two solid bases. The first is the longstanding racist and protectionist sentiment in the white working class; the second is a more recent anxiety about China’s economic prowess in America’s ruling elite.

  •  | Wealth Concentration Drives a New Global Imperialism  Photo Credit The Real News | MR Online

    Economic analysis & imperialism today

    Originally published: Economics of Imperialism on April 1, 2019 (more by Economics of Imperialism)  |

    An introduction and slideshow of Tony Norfield’s presentation at the Rethinking Economics conference in Greenwich University, London, on the topic of ‘Economic Analysis & Imperialism Today’.

  •  | Roger Eatwell and Matthew Goodwin National Populism The Revolt Against Liberal Democracy Pelican Books October 2018 | MR Online

    Liberals, the populist right & the politics of imperialism

    Originally published: Economics of Imperialism on December 19, 2018 (more by Economics of Imperialism)  |

    How to respond to the rise of national populism? The phenomenon is evident not only in Trump’s U.S. but throughout Europe, as shown in this book’s comprehensive review of changes in mass opinion. The book also attempts to provide a solution to the problem, one that will defend democracy, but in doing so it inadvertently highlights the bankruptcy of the liberal outlook.

  •  | These six tech companies are worth $500 billion and their earnings are about to sway the market   MarketWatch marketwatchcom | MR Online

    Amazon, Google & Big Tech’s productivity paradox

    Originally published: Economics of Imperialism on November 21, 2018 (more by Economics of Imperialism)  |

    Whatever you may think of the multi-billionaire founders of Amazon and Alphabet-Google,(1) there would seem to be one undeniable fact about their companies: they have massively improved productivity. Amazon has an e-commerce system that delivers very efficiently; Google has revolutionised Internet search.

  •  | Total non financial | MR Online

    Another day older and deeper in debt…

    Originally published: Economics of Imperialism on August 29, 2018 (more by Economics of Imperialism)  |

    The question of debt is often absent from media coverage of the progress, or not, of the world economy.

  •  | Iran Sanctions Imperial problems Photo eaworldviewcom | MR Online

    Iran sanctions, imperial problems

    Originally published: Economics of Imperialism on May 9, 2018 (more by Economics of Imperialism)  |

    Trump’s anti-Iran move on Tuesday was deeply worrying for allies of the US. It is a blow for those countries, especially in Europe, that were hoping to build on the big expansion of trade with and investment in Iran after the July 2015 nuclear deal was signed.

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Monthly Review Essays

  • US Imperialism in Crisis: Opportunities and Challenges to a Global Community with a Shared Future
    Sam-Kee Cheng  | A late 1940s Soviet poster showing a US military service member lounging on top of a German factory smoking a cigar The text beneath reads DER DOLLARIMPERIALISMUS dollar imperialism | MR Online

    1. Introduction The predominance of US economic, political and military power in the world was established at the end of the Second World War.1 With just 6.3 percent of global population, the United States held about 50 percent of the world wealth in 1948. As the only power which had used nuclear weapons on civilian […]

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