MMW 14 Lecture Notes - Lecture 10: Barter, Wage Labour, Graham T. Allison

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

Document Summary

Lecture ten: imperialism and the crisis of capitalism 02/07/19. 3) relevance for understanding today"s global political economy. 19th century (1) the challenge: after 1870 these economies started to challenge britain"s power (2) germany and usa eventually surpassed britain in the production of steel c) d) Imperialism as recourse to crisis (1) full-fledged support of governments in the race to partition world (2) imperialism vs. colonialism (a) imperialism is colonialism in a capitalist context (b) nothing moderate or incremental about imperialism compared to colonialism (i) Both a base and a superstructure (3) competition among imperialists as a contest of attrition (a) imperialist competition leads to killing people (b) axe must fall on the economic root of the tree e) How to justify the social costs and financial waste of a false economy : a false impression that it was a vital economy but in reality it was. 3. not: national security, the geopolitical angle.