An international monopoly alliance of oligarchic capitalism, featuring one hegemonic ruler and several other great powers, has come into being and provides the economic foundation for the money politics, vulgar culture, and military threats that exploit and oppress on the basis of the monopoly. Fourth is the new monopoly of the international oligarchic alliance. dollar and intellectual property, generating the unequal international division of labor and the polarization of the global economy and wealth distribution. Second is the new monopoly of finance capital, which plays a decisive role in global economic life and generates a malformed development, namely, economic financialization. The internationalization of production and circulation, together with the intensified concentration of capital, gives rise to giant multinational monopoly corporations whose wealth is nearly as great as that of whole countries. First is the new monopoly of production and circulation. The characteristics of neoimperialism can be summed up on the basis of the following five key features. Neoimperialism is the specific contemporary phase of historical development that features the economic globalization and financialization of monopoly capitalism.
Lu Baolin is a professor at the School of Economics, Qufu Normal University.
Cheng Enfu is a principal professor at the University of the Chinese Academy of Social Sciences, director of the Research Center for Economic and Social Development at the Chinese Academy of Social Sciences, and president of the World Association for Political Economy.
0 kommentar(er)
