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On 2018/03/12 05:50 AM, Philip Ferguson via Marxism wrote:
As Smith so brilliantly shows, capital in the North restored much of the
fall in its profitability suffered in the 1970s on the back of the super
exploitation of the South:
full at:
https://rdln.wordpress.com/2016/03/09/imperialism-and-super-exploitation/


Thanks Phil,

First, it's also good to recall Michael's caveats: "I am not sure that Smith has proved that ‘super-exploitation’ is the dominant characteristic of modern imperialism.  As he shows, imperialism of the 19th century also relied on super-exploitation of the masses in the colonies (to the level of slavery) and that, in the industrialisation of imperialist countries like Britain in the late 18th and early 19th century, driving wages below the value of labour power was a powerful factor in the exploitation of labour (see Engels on The condition of the working-class in England). For that matter, super-exploitation is visible in the imperialist economies too..."

Second, you might know some of this debate has migrated to the Review of African Political Economy, where the "North" and "South" now also includes disputes over East and West, and the role of spatial processes as part of capital's super-exploitative armory:

http://roape.net/2018/01/10/david-harvey-denies-imperialism/
http://roape.net/2018/02/05/realities-ground-david-harvey-replies-john-smith/

However, neither Smith nor Harvey address the full implications of sub-imperial accumulation in the Mauro Marini tradition (a tradition which also centrally stresses the role of super-exploitation). I've nearly finished an intervention along these lines. Anyone else gathering information about these processes?

Cheers,
Patrick
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