Tag Archives: Economics

south-korea-labor-protest-2009-11-7-3-40-14 January 12

Neoliberalism in South Korea: Financial Crisis, Fascism, and the rise of Precarious Work

By J. Sul Introduction The number of atypical, part-time and dispatch laborers (also known as precarious workers) has drastically increased in South Korea after the financial crisis of 1997 [1]. To overcome the economic crisis, the South Korean government received financial aid from the International Monetary Fund at the cost of restructuring its national business […]

January 05

Gauging the contribution of Third World labor to imperialist economies

Class analysis is a central component of Marxist thinking. Knowing who our enemies and friends are is imperative if we communists are to move forward into the 21st century. An important aspect of class analysis is the question of exploitation. Exploitation is a condition in which value is extracted from a class of people — […]

peking November 24

Politics is in Command of Economics, Revolution is in Command of Production

We often reference to putting “politics-in-command” and contrast this policy with those we find revisionist. But what exactly does this mean and how does it relate to the revolutionary science? Here we hope to shed some light on this critical issue. Originally found in Peking Review No. 30 published in July of 1969 the following is an analysis […]

010_Dollar_Planet October 03

Points for an investigation into imperialist seigniorage

Here at Anti-Imperialism.com, we are interested in uncovering the laws of motion of global capitalism and the following imperialist mechanisms that perpetuate the divide between oppressed and oppressor nations; one such mechanism, hardly ever mentioned in Leninist (or even mainstream) economics is the mechanism of imperialist seigniorage. Seigniorage is a social relationship of appropriation that […]

bonded-labor-1 October 01

Bonded labor in South Asia

One of the most horrific forms of capitalist exploitation today is to be found in South Asia: bonded labor. This contemporary form of slavery, despite being illegal, is practiced in all sectors of South Asian economies, mainly in India, Nepal and Pakistan and exists both as a rural and urban phenomenon. Bonded labor is “the […]

ht_Murray_Rothbard_nt_120312_wb May 26

An obiturary to Rothbard’s critique of Marx’s economics: part I

Note: I apologize to the reader for the extensive use of quotations in this article, but they are necessary as most of the Rothbardian critique is a misrepresentation of Marxian arguments which require textual evidence to be refuted. “[Marx] created a veritable tissue of fallacies. Every single nodal point of the theory is wrong and […]

tom-cruise-crazy May 14

Is Tom Cruise exploited?

We are frequently asked by First Worldists why capitalists would hire workers who ‘are not exploited.’ Because the employment of high-wage workers in imperialist countries generates a profit for their employer, First Worldists reason, these employers must be exploiting their workers. Unfortunately, the line of reasoning fails to recognize the difference between the realization of […]

communist_emblem_by_party9999999-d56m4k2 May 08

Three new books available now

Associates of Anti-Imperialism.com are aiming to launch a more sufficient publication and distribution arm through this year: Red Zone Publishers. In preparation, we are releasing three which are available now. CIA Terrorism in the Third World is an edited version of a series of articles originally posted on Anti-Imperialism.com. Combined into a single publication, it gives […]

MIM(Prisons): Identifying the U.$. Lumpen Starts with Understanding the First World Petty Bourgeoisie

By Soso of MIM(Prisons) MIM(Prisons) is working on a book about the lumpen in the internal semi-colonies of the United $tates. The first chapter, which we are circulating in draft form for peer review, focuses on identifying the lumpen and calculating the size of this group within U.$. borders. Part of this identification first requires […]

abstract-labor-valu February 19

Calculating the Value of Labor

Contrary to popular ‘Marxist’ belief, the value of labor is not indeterminate. A simple equation dividing the total value produced in a given period by the total number of working hours reveals the value of labor. Unlike in Marx’s day when the total value produced in the world economy was unknown, today we can use […]

9781856497350 December 20

Colonization and Housewifization (1986)

This is chapter three from the book ‘Patriarchy and Capital Accumulation on a World Scale’ by Maria Mies. The following text will be part of the curriculum of the upcoming second semester of People’s Liberation Universit The Dialectics of ‘Progress and Retrogression’ On the basis of the foregoing analysis, it is possible to formulate a tentative thesis […]

images (1) December 18

Debt, Society, Morality and Imperialism

  This review of David Graeber’s 2011 book, Debt: the First 5,000 Years, was authored by Tony Norfeild and originally published at his website, Economics of Imperialism. As always, reposting here does not imply full agreement, endorsement, or affiliation.      The main value of this book is to analyse debt as a social relationship, not simply as […]

Review (Part 3 of 3): John Smith, “The GDP Illusion: Value Added versus Value Capture.”

Review (Part 3 of 3): John Smith, “The GDP Illusion: Value Added versus Value Capture.” Monthly Review. July-August, 2012. p 86-102. In two earlier reviews, I focused on the notions of economic surplus and imperialist rent as specific categories within the capitalist-imperialist world-economy. The intent was manifold: first, to demonstrate the mechanisms through which wealth […]

Review (Part 2 of 3): Samir Amin, “The Surplus in Monopoly Capitalism and the Imperialist Rent.” Monthly Review. Vol. 64 No. 3. July-August, 2012.

Over the course of my work, I have inferred that the general rate of exploitation has increased along with the development and maturation of capitalist-imperialism, thus forestalling the tendency of the rate of profit to fall while allowing a minority First World section of the working class to have a ‘cut’ in imperialist superprofits and […]

Review (Part 1 of 3): Paul Baran, “Some Theoretical Implications”: Monthly Review, Vol. 64, No. 3. July-August 2012.

The July-August 2012 issue of Monthly Review1 centers around the publication of one of two missing chapters of Monopoly Capital: An Essay on the American Economic and Social Order2 by Paul Baran and Paul Sweezy. Anti-Imperialism.com earlier posted about this issue and the suggestion was made that individuals who are interested in the topic of […]

h&m October 05

What is Net-Exploitation?

The term “net-exploitation” refers to the manner in which high-wage workers benefit through exchange with low wage workers. At minimum, net-exploitation happens when a given wage exceeds the value of labor, i.e., when the wage derived from a given hour’s worth of labor can purchase on the market more than the socially average product of […]

Ernesto ‘Che’ Guevara: a rebel against Soviet political economy

The following article by Helen Yaffe was sourced from the Marxist Internet Archive. Reposting here is for critical discussion and does not imply endorsement or affiliation. In January 1962 Guevara told colleagues in Cuba’s Ministry of Industries (MININD): ‘In no way am I saying that financial autonomy of the enterprise with moral incentives, as it is established in the […]

mr-064-03-2012-07-133x200 September 15

Monthly Review Publishes Missing Chapter from Baran and Sweezy’s ‘Monopoly Capitalism’

The July-August 2012 issue of Monthly Review Magazine featured a missing chapter from the book Monopoly Capital: An Essay on the American Economic and Social Order, published in 1966 by Monthly Review Press. The book was published following the death of Paul Baran in 1964, whom along with co-author Paul Sweezy spent over two years of […]

A model for how First World wages are based on Third World exploitation

A model for how First World wages are based on Third World exploitation Days before his first trip to Cuba, Pope Benedict XVI stated that “Marxist ideology [sic] in the way it was originally conceived no longer corresponds to reality.” Left-leaning commentators concluded with, “says man in giant hat who speaks to invisible cloud people.” […]

Remarks on Marx’s Economic and Philosophic Manuscripts of 1844

Wages and class struggle Karl Marx’s opening line in the first chapter of Economic and Philosophic Manuscripts of 1844 states that, “wages are determined by antagonistic struggle between capitalist and worker.” (p. 19) This opening line is often cited by nominal leftists as explanation for exorbitantly high wages of many workers in the United States […]

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