Question

What does it mean that after imperialism has divided the world, re-division can still occur?

Answer 1

Monopoly capitalism, or imperialism, is the highest and last stage of capitalism.Globalisation is the latest fashionable term used to describe the all pervasive forces of a rampant capitalism.

It suggests a new stage of capitalism in which multinational companies and financial institutions, attached to no particular nation state, move their capital around the world in search of the highest returns, and in so doing create a truly global market and global capital.

Foreign direct investment is linking many national economies but, but far from this leading to an 'integrated production system', it is reinforcing the economic domination of the vast majority of the world by a small number of imperialist countries. Multinational companies have become the principle vehicle of imperialism's drive to redivide the world according to economic power.

The fundamental shift in the international balance of economic power has removed the dollar as the anchor of the capitalist system. Nothing exists to replace it. Neither Japan nor an increasingly fractious European Union are in a position to take over the United States global role. Inter-imperialist rivalries are growing and trade wars are being constantly threatened. Far from being a beacon of capitalist progress 'globalisation' is a sign of economic decay and increasing instability in a world of obscene and growing inequality and the main cause of re-division of the world.