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Politics : Foreign Affairs Discussion Group
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To: Ilaine who wrote (130697)4/30/2004 5:48:33 PM
From: Neocon  Read Replies (1) of 281500
 
Lenin developed the theory that imperialism was the final phase of capitalism, as Capital sought to exploit resources and cheap labor overseas, and to dominate markets. Of course, after the Second World War, the imperial powers began to divest themselves of their colonies. Thus was developed the theory of neocolonialism, where Capital manipulated the world system in order to keep the upper hand in the Third World. Direct political control was unnecessary, as long as terms of trade favored the dominant powers. The problem, of course, is that those countries that have embraced the market economy, like China, and its various offshoots, have done better than those who clung to socialist fantasies.
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