Capitalist economic imperialism
Name(s):
Corporate market fundamentalism
Claim
1. The pattern cannot be plausibly denied once it is exposed. There are two major forms of attack on peoples' means of life to coerce them to conform to global financial and corporate demands. The first is to defund societies' non-profit social infrastructures everywhere until peoples have no choice but to privatize their management for profit. The second front of attack is more directly violent - to wage one financial and military war after another on the poorest peoples of the world to control their states and expropriate their regional resources. Both these wars on humanity are driven by a fanatic fundamentalism - to produce ever more money for those with most money, with no limit, regulation or higher goal permitted to "obstruct" these transnational money sequences.
2. Capitalist economic imperialism aims at the establishment of economic and hence political and social domination over other countries, particularly in the Third World, with capitalism as the economic base. In particular, over-sophisticated technology and machinery are exported to these countries. Because of the complex financial network of investment for development, the donor country can put extensive political pressure on the other to comply with its policies. The donor country may exact a high return revenue for its investment, which enriches the already wealthy instead of contributing to development. It may also gain control of a particular commodity market or its distribution. Political pressure may be exerted through military or other direct aid, or through effective control over international development funds. Unofficial pressure may be exerted by transnational companies whose revenue is often greater than that of the oppressed country.
Narrower
Aggravates
Aggravated by
Strategy(ies)
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Reference(s)
Type
(C) Cross-sectoral problems