Nèdeem Elmahjoub's blog

Today’s Imperialist Clashes ‘Are Driven by Economic Rivalry’ A must read 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.”  It implies there is now a world peace that is under threat. I don’t think there is world peace. “The socialist left must oppose...

A must read 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-capitalis...

After reading Serfati’s analysis, I would consider his essay as an introduction to why the French state and its ruling class act the way they do at home and abroad . France has maintained a major role on the international scene, especially militarily, despite experiencing a relative decline in world economic power since the 1990s. In 2011, it ranked fifth in terms of military spending and sixth in terms of arms exports. It is a major zone of capital accumulation in the world economy and is centrally integrated into the global dynamics of economic, political, and military power. The overall closeness of elites in state institutions and large transnational corporations. French TNCs are increasingly dependent on profits earned in emerging or peripheral economies. when analysing the role of France in Africa, one must consider an interrelated set of economic, geopolitical, and domestic socio-political drivers. In 2009, France ranked third as a trading partner with Africa as a continent, beh...