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Unlike classical imperialism, write Costas Lapavitsas the driving force of contemporary imperialism “springs from this pairing of internationalized industrial with internationalized financial capital. Neither dominates the other and there is no fundamental clash between them. Jointly they comprise the most aggressive form of capital known to history.” And this pairing of capitals “thrives on unfettered access to global natural resources, cheap labor power, low taxation, loose environmental standards, and markets for its industrial, commercial, and financial components.
The United States will obviously not submit to the challenge and draws on its vast military, political, and monetary power to protect its hegemony. That makes it the main threat to world peace.
The socialist left must oppose imperialism, while recognizing that the United States is the main aggressor. But that ought to be done from an independent position that is openly anti-capitalist and has no illusions about China, India, Russia, and other contenders, much less the “old” imperialists.”
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