Nèdeem Elmahjoub's blog

From 2021 Rich countries drained $152tn from the global South since 1960

According to Michael Roberts and Guglielmo Carchedi,  imperialism is “a persistent and long-term net appropriation of surplus value by the high-technology imperialist countries from the low-technology dominated countries.” there are “four channels through which surplus value flows to the imperialist countries: currency seigniorage; income flows from capital investments; unequal exchange through trade; and changes in exchange rates.” “modern imperialism does not deny the persistent existence of colonialism. Colonialism and modern imperialism do not exclude each other… Colonialism contains in itself the germs of modern imperialism.” “the trade of the commodities with high technological content produced in the imperialist countries for the capitalistically produced raw materials or industrial goods produced with lower technological content in the dominated countries” results in “unequal exchange.” “under modern imperialism, technology has become the new battlefield.” “military and ideolog

Is the world poor, or unjust?

I am at the end of this book. I recommend it. You just need some updated figures while you are reading. The Globalisation of Production, Super-Exploitation and the Crisis of Capitalism Two major factors cause capitalist crisis: declining profitability and overproduction. I am not convinced that the latter is a major factor. The problem is not that capitalism produces too much, but that what it is produced is not provided to the global population. Half of the world population is unable to buy what is produced or buys too little of what is produced because it is too poor. That means that lack of investment in large swathes of the world–Latin America and South Africa, Africa, parts of the Middle East and Asia–unemployment, precarity, etc. deprives half of the world from getting access to what is produced. Those who produce get little or almost nothing from what they produce.  According to the WHO “around 45% of deaths among children under 5 years of age are linked to undernutrition. Thes

  The Marginalised Redefine the Political