MMW 14 Lecture 10: Imperialism and the Crisis of Capitalism

• School: UCSD
• Department: Making of the Modern World
• Course: MMW 14
• Professor: Edmond Chang

Document Summary

Lecture 10: imperialism and the crisis of capitalism. Creating a world after its own image a) Marx"s anticipation of a transnational bourgeois class i) ii) Competition leading to the global expansion of the bourgeois class (1) No capitalists would simply contain their ambitions within national boundaries. Tearing down traditional barriers (political, linguistic, religious, cultural) b) Asymmetrical interdependence within a globalized economy i) ii) iii) (1) Different sides are dependent on each other but in an asymmetrical way. Non-industrial countries provide cheap raw materials (1) (2) Rubber--> very high demand because of advent for tires and belts for machines. Industrial countries provide manufactured goods, modern services and amenities (1) (2) Capitalists in industrial societies--> invest and the returns from the production will flow back to the capitalist societies. Colonial subjects as the proletariat"s proletariat a) b) Produced so cheaply that it will drive down the cost of essential goods. China has made so many things affordable (2)