Doug Henwood wrote: > > On Jun 18, 2008, at 6:19 AM, Matthijs Krul wrote: > > > Instead, we should recognize that the social-democratic movement > > has had success in sharing the profits gained from the real > > immiseration of the Third World > > I don't doubt that colonialism was central to Europe's initial rise > to wealth, but how well does this describe contemporary capitalism? > Most FDI flows to rapidly growing regions in Asia, and very little to > poor regions like Africa. Africa still suffers from the ravages of > the slave trade, but it's barely a measurable source of profits > today. Or did you have something else in mind?
Are there figures available on the net inflow/outflow of funds from Africa? From Latin America? Or in real terms: do more products flow from Africa to core capitalist nations or from core capitalist nations to Africa? To Latin America? The concept of "sharing profits" with workers is of course absurd, since it implies that u.s. workers (a) do not produce surplus value (in empirical terms, that their employers make no profits from their work) and (b) share in the profits that come from abroad. But that does NOT establish that u.s. workers do not benefit from imperialism. And Doug's figures by themselves tell us nothing either way about contemporary imiperialism. Carrol _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
