Economics of Imperialism

Analysis of how the world economy works

Monday, 18 October 2021

Winston Churchill & British Imperialism

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    Even patriotic Brits know that their hero Winston Churchill did not win World War 2 or fly a Spitfire. What they, and others, may not ...
4 comments:
Tuesday, 14 September 2021

World Power

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Few countries can exert much power in the rest of the world. There are just five permanent members of the United Nations Security Counci...
Sunday, 12 September 2021

Imperialism & the Working Class

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    Discovering Imperialism: Social Democracy to World War I is an anthology put together by Richard Day and Daniel Gaido, in which they ...
2 comments:
Tuesday, 6 April 2021

Cryptocrap

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  These points are about private ‘digital currencies’ like Bitcoin, not about central bank e-currencies, on which I will write another tim...
3 comments:
Wednesday, 20 January 2021

The UK’s Singapore-on-Thames Delusion

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I will not spend much time on this topic because it is so ridiculous. But the notion that the UK can become a ‘Singapore-on-Thames’ seems ...
Friday, 11 December 2020

Airbnb's As and Bs

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  You would think that in a capitalist market one person’s million dollars would count the same as another’s. After all, money is the measur...
Wednesday, 2 December 2020

The Mao-Roosevelt No Meeting, 1945

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  In January 1945, Mao Tse-tung [1] sent a message to US President Roosevelt asking to visit the US and discuss future relationships with...
2 comments:
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About Me

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Tony Norfield
I use the term ‘imperialism’ in the classical sense to describe the system of domination in the capitalist world economy. Liberal commentary is more open these days to some notion of imperialism. But usually it is another country that is being imperialist, especially the US, and not the home country. The focus on the US is understandable, but ignores the role that a number of other countries play in the system, not least the UK. If we uncover this too, we will get a better analysis of what is really going on in the world. I am based in London and my academic training is in economics and mathematics. I worked for 8 years as an economic consultant, and for close to 20 years in bank dealing rooms in the City, latterly as Executive Director in charge of analysing global FX markets for a major European bank. I have travelled to some 40 countries on business. At present I am researching imperialism and the world economy. I want this blog to generate informed debate & discussion. Comments are welcome. Nobody has all the answers; anyone can make mistakes. But that is no excuse for being an idiot and not seeking the truth.
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