Economics of Imperialism

Analysis of how the world economy works

Monday, 17 June 2013

99% versus 1%? Or 50% and 40% versus 10%?

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Does the phrase ‘the 99% versus the 1%’ make any sense? Firstly, it assumes that there is a clear dividing line of income, or perhaps owners...
Friday, 14 June 2013

Monopoly

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‘If it were necessary to give the briefest possible definition of imperialism we should have to say that imperialism is the monopoly sta...
Thursday, 9 May 2013

Cats, Dogs and People in the Imperialist World Economy

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Here is a selection of facts to ponder, sent to me today by a friend. They indicate how it is better to be a cat or a dog in an imperial...
1 comment:
Monday, 22 April 2013

Reflections on Reinhart & Rogoff

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It turns out that there is no slump in economic output once government debt rises above 90% of GDP – the case for austerity has been b...
1 comment:
Friday, 22 March 2013

UK Foreign Direct Investment Profits

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The table below is an update of some figures shown in the first article on this blog, 'The Economics of British Imperialism' in Ma...
Monday, 4 March 2013

A Private Chat About Provoking a War

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The following text cites a conversation between a prominent British imperial politician and an American diplomat in London, in 1910. It ...
3 comments:
Saturday, 23 February 2013

Running Out of Rope

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It is easy to dismiss the downgrading of the UK’s credit rating by Moody’s as yet another example of an agency stating the blindingly ob...
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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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