Naslov
The Wealth of (Some) Nations: Imperialism and the Mechanics of Value Transfer [Book Review]

Autori
Rubinić, Ivan

Izvornik
Review of economics and economic methodology (2536-1953) IV (2020), 1; 157-170

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, prikaz, ostalo

Ključne riječi
Value transfer ; Imperialism ; Unequal exchange
(Value transfer ; imperialism ; Unequal exchange)

Sažetak
The Wealth of (Some) Nations by Zak Cope provides arguments in support of the claim that new age imperialism, originating from primitive accumulation and disguised by the freedom of exchange, serves as the dominant force that allows the affluent countries to exploit the destitute. Cope builds his theory through an intricate nexus of a colonial tribute, monopolies, and unequal exchange, and confirms that the imperialism, as the permanent stage of capitalism, thrives due to the un-equivalent cross-country value transfers. In his evocative display of findings, Cope asserts that the legitimacy of the imperialist system is controversially derived from the vested interest shared among the capitalists and the labour aristocracy. Consequently, the demise of the international labour solidarity exists at the root cause of the ongoing crisis of the left-wing social movements. Undoubtedly, this intriguing study is an indispensable read for all interested in the imperialist dynamics of the capitalist societies that, in the age of globalization, deserves special consideration.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA