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Imperialism and the Development Myth - How Rich Countries Dominate in the Twenty-First Century (Hardcover)
Loot Price: R2,547
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Imperialism and the Development Myth - How Rich Countries Dominate in the Twenty-First Century (Hardcover)
Series: Progress in Political Economy
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China and other Third World societies cannot 'catch up' with the
rich countries. The contemporary world system is permanently
dominated by a small group of rich countries who maintain a
vice-like grip over the key parts of the labour process - over the
most technologically sophisticated and complex labour.
Globalisation of production since the 1980s means much more of the
world's work is now carried out in the poor countries, yet it is
the rich, imperialist countries - through their domination of the
labour process - that monopolise most of the benefits. Income
levels in the First World remain five and ten times higher than
Third World countries. The huge gulf between rich and poor worlds
is getting bigger not smaller. Under capitalist imperialism, it is
permanent. China has moved from being one of the poorest societies
to a level now similar with other relatively developed Third World
societies - like Mexico and Brazil. The dominant idea that it
somehow threatens to 'catch up' economically, or overtake the rich
countries paves the way for imperialist military and economic
aggression against China. King's meticulous study punctures the
rising-China myth. His empirical and theoretical analysis shows
that, as long as the world economy continues to be run for private
profit, it can no longer produce new imperialist powers. Rather it
will continue to reproduce the monopoly of the same rich countries
generation after generation. The giant social divide between rich
and poor countries cannot be overcome. -- .
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