Anthony D'Acosta:
As for OECD workers, they are sure a party (even if passive) to enjoying the fruits of labor elsewhere (again through cheaper goods and services, thereby enjoying higher real incomes). In the so called periphery there is also accumulation, but of a limited kind generally.
Charles Brown:
Marx , Engels and Marx ...all linked higher wages for workers in the imperialist countries to super profits from colonialism and imperialism. I think the logic is that the super profits ...allow the capitalists to cut the workers some slack in the ongoing wage class struggles. In other words, the extra profits from colonialism subsidize higher wages in the imperial centers.
============================================= That was then, this is now. There's faster growth in capital formation and wages in developing countries than in developed countries, suggesting the beginnings of a world-historic shift in the centre of gravity of the global economy from the old imperialist powers, including the US, to China, India, Brazil, and other former colonies and semi-colonies. This trend departs from classical Marxist theories of imperialism, predicated on the export of surplus capital from the more advanced to the less developed countries, rising working class standards in the advanced countries producing a labour aristocracy, and increased pauperization and the "development of underdevelopment" on the periphery. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
