Empire of Capital
In this era of 'globalization', we hear a great deal about a 'new imperialism', the hegemony of global capital and its chief enforcer, the US. Today, with the US promising an endless 'war against terrorism' and a policy of 'pre-emptive defence', this notion seems more plausible than ever. But what does imperialism mean in the absence of colonial conquest and direct imperial rule? This lucid and lively book explores the new imperialism, and contrasts it with historical Empires, from ancient Rome, through medieval Europe, the Arab Muslim world, the Spanish conquests, and the Dutch commercial empire. Tracing the birth of capitalist imperialism back to the English domination of Ireland, Wood follows its development through the British Empire in America and India. The nature of today's new capitalist empire is brought into sharp relief - the political reach of imperial power cannot match its economic hegemony, and the global economy is administered not by a global state but by a system of multiple local states, policed by the most powerful military force the world has ever known and enforced according to a new military doctrine of war without end, in purpose or time.
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administration agriculture America appropriation aristocracy Atlantic slave trade Britain British capitalism Bush Bush Doctrine capitalist economy capitalist imperialism capitalist powers century certainly challenge city-states coercion Cold War Colin Powell commercial empire competitive production conquest created depended domestic Dutch Dutch Republic East Timor economic hegemony economic imperatives economic power effect elites Ellen Meiksins Wood English European exploitation expropriation extra-economic force extra-economic power feudal global capital global economy Grotius hegemony imperial expansion imperial power impose increasingly India indigenous industrial instance Ireland justified kind land landlords less logic major massive means merchants military action military force military power nation needs peasants principles private property profit propertyless res nullius Richard Perle rivalry rivals role Roman Roman Empire settlers simply slavery slaves social property relations Spanish Spanish Empire supremacy surplus labour system of multiple territorial empire tion trade routes urban Venetian war without end wealth