by Ellen Isaacs
Imperialism is the stage of capitalism after colonialism when, the whole world having been divided up, the dominant nations fight each other for control of natural resources, markets and cheap labor. Just as capitalists within national borders must continually maximize their profits or be ousted by competitors, the capitalist class of each imperialist nation is compelled not only to optimize its exploitation of weaker nations, but to limit the access of rival powers to its acquisitions. By the late 1800s all the weaker nations had been brought under the sway of the more powerful ones, and the 1900s ushered in a century of world wars and many local armed conflicts. The primary aim of this article is to describe the declining place of the once dominant United States on the ladder of imperial power, and secondly, to assess how we as internationalist workers should relate to this shift. Continue reading “THE DECLINE OF U.S. IMPERIALISM or What Goes Up Must Come Down”
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