by Greg Albo | MR Zine | Click HERE to read article
Imperialism cannot be dispensed with by a simple shift in foreign policy. Capitalism is a social system with an essential contradiction between the locally specific production and appropriation of value, the global accumulation of capital, and the territorially based states. These states simultaneously protect domestic investments and facilitate the internationalization of capital in the world market. The inter-state system forms into a hierarchy of dominant core states and peripheral zones in an imperialist chain. Hegemonic states like the U.S., and international institutions like the World Bank, the IMF, NATO, and the UN Security Council, politically enforce and manage the inequalities of the world market.