Economics of Imperialism

Analysis of how the world economy works

Friday, 24 June 2011

Origins of the Greek Crisis

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Is the Greek debt crisis the fault of predatory banks? It might look that way, given that banks are demanding their money back, Greeks face...
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Tuesday, 7 June 2011

Value of labour-power & wage differentials

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On 6 June, Dave Z put a comment at the end of my article on “What the ‘China price’ really means”. This note addresses the two main points...
1 comment:
Sunday, 5 June 2011

Comments welcome ...

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I welcome comments and questions on, criticisms of and additions to the analyses contained in these blog posts. There is a 'comment'...
Saturday, 4 June 2011

What the ‘China Price’ really means

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  1. Introduction Do workers in rich countries have any right to complain about the bankers and corporate managers who get high sa...
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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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