In this blog, Michael Roberts distinguishes economic imperialism from political or military imperialism.
How is the transfer of value achieved? Through the unequal transfer of interactive trade; through global value chain flows; through transfer prices and through the control over the money supply. How is this transfer of value consistent with Marx’s contention of the tendency of the rate of profit to fall? Is “super-exploitation” a good way to understand economic imperialism?
Read on Michael Roberts Blog
