>But once again, what has changed with neo-imperialism, is the rise of
>financial dominance as being supreme.
>
>Marxists often talk of financial capital being the 'highest form' of
>capital. What that means, is that it is determinant over industrial
>and agricultural capital (assets). Farmers don't run the world
>today, nor even industrialists. It is the financial sector that
>does. It is the financial sector that dominates.
Obviously farmers don't run the world, but corporations?
The trouble with this point of view, Tony, is that most capital is financial today.
Companies' stocks are used as currencies. Some companies have the
capability to raise truly staggering amounts of money from the capital market.
Many big ones have gone through the process of financialization of their
sources of revenue. So yes, one sees financial capital has beign by far the
most important force, but it's because it has merged with most of the world's
capital, partly thanks to IT.
Another problem is that financial capital is a highly instable abstract construct
dependant on the real world relations of production and even on other stuff.
And still another is the fact that finance capital as a whole acts without purpose.
One could thus argue that, barring exceptional cases, finance is more an
instrument than a driving force. What does financial capital *want*? I know it
has needs and desires, but they are the product of the rules of the game, not of
a *will*.
>The
>answer to defining imperialism might be best approached, by asking just
>who are these unelected people, like Gurria and Greenspan?
I don't understand at all.
>We know
>Tony Blair, but who is his Alan Greenspan counterpart?
The name's Gordon Brown. I've been told Tony Blair went as far as to create
his position (the central bank was not independent before).
>What do these neo- imperialist governors (Greenspan) and lieutenants
>(Gurria) do, that diffenrentiates them from economic planners in the fSU
>or China? They preside over a world store of capital, that
>functions in the Third Wold, very much like the old company store in
>isolated mining areas used to function with the dependent and
>impoverished workers in the mines.
No. Central economy are not managers, only overseers. They have *very*
important powers, but they are very few and limited. They have nothing to say
about specifics of the real economy even if they sometimes give their often
idiotic opinions. They are also not autocratic rulers of their "empire". I'll ask the
same question I've asked before about finance capital as a whole? Is there
really evidence that these folks have other motives than furthering the desires
of financial capital? Is there really someone in control, besides states?
>Third World Countries are in hock,
>very much as miner families were in the olden, golden days of less
>concentrated imperialist extracture. Everything is on loan to the
>company store.
No. Sovereign countries can and do default. The ones which can get loans in
their currencies also have the supreme luxury of beign capable to inflate debt
away.
>Now, we have
>more the real situation and definition of neo- imperialism as 'a banker
>that robs food from children'. Think Ebenezer Scrooge, not Milosevic
>or Putin, Suharto or Saddam.
Please, how did the banker proceed? The ones who steal are the ones in
power who do actively accept and support the "rule" of the banker because
they benefit from it, who often only represents other people (incl. but not mainly
ordinary people). Who's E.S. BTW?
>Tom, communist countries have taken this financial sector out of private
>hands of ownership.also
This means that they did not borrow abroad?
>The militarism that is promoted throughout the world by First World
>neo-imperialism, has led to the military being the most destructive
>force ecologically on the planet.
We fant the facts! And the criterion used to grade different destructive forces.
Give them or be hanged by the people!
Julien
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