By James Petras, Henry Veltmeyer
Fresh alterations within the international financial system, which come with a becoming call for for strength and typical assets corresponding to business minerals and agro-food items, have caused an immense devastating pillage of assets within the constructing global by means of multinational agencies in addition to states with power and foodstuff defense concerns—and matters a few procedure (global capitalism) within the throes of an international challenge. those advancements have additionally caused a massive swap within the shape taken by way of imperialism (actions taken via the nation to strengthen the pursuits of the dominant capitalist class). This ebook explores the altering face folks imperialism within the local context of the Americas, an enormous degree within the unfolding drama of a method in crisis.
James Petras is Professor Emeritus in Sociology at Binghamton collage, and writer of over 60 books on Latin American affairs and global affairs, together with Imperialism and Capitalism within the 2Ist Century and Social pursuits in Latin America.
Henry Veltmeyer is Professor of improvement stories at Saint Mary's college and Universidad Autónoma de Zacatecas. He has authored and edited over forty books on Latin American and international affairs, together with Imperialism, concern and sophistication fight: The Verities of Capitalism.
Graduate and undergraduate scholars, and all these drawn to foreign political economic system, foreign improvement stories, political ecology, and Latin American improvement.
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Extra info for Extractive Imperialism in the Americas: Capitalism's New Frontier
They (correctly) distinguish between corporate capitalism, which they oppose, and small-scale production in the private sector, which they support. They include certain sectors of organized labour but are predominantly made up of proletarianized and semi-proletarianized rural landless or near-landless workers, or smalllandholding family farmers and peasants concerned for their livelihoods based on access to land, and indigenous communities concerned to protect their territorial rights to water and the land, and to secure their freedom from both exploitation and the degradation of the environment as well as their relationship to nature.
Another possible explanation of the resource curse is that primary commodity exports have a negative impact on the exchange rate vis-à-vis the export of products in other sectors of the economy—an impact described as the ‘Dutch disease’. An example would be the dilemma faced by the current government of Brazil. Until 2010 Brazil was a major destination of industryfocused fdi—and one of the ‘emerging’ markets’ (together with China, India and Russia) driving the world market in terms of the pent-up demand of the growing world middle class).
These political costs derive from and relate to a continuing reliance and dependence of the governments on fdi, which explains the evident propensity of these governments, even in the case of those with a nationalist orientation and a post-neoliberal progressive policy stance, to side with capital against the communities and the social movements in the conflict generated in the extraction process. Examples here can be found in Argentina and Peru, cases of more moderate and pragmatic post-neoliberalism, but also Bolivia and Ecuador, which have adopted a more radical nationalist or populist stance.
Extractive Imperialism in the Americas: Capitalism's New Frontier by James Petras, Henry Veltmeyer