Economics of Imperialism

Analysis of how the world economy works

Monday, 6 January 2014

Capitalist Production Good, Capitalist Finance Bad

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Costas Lapavitsas, Profiting Without Producing: How Finance Exploits Us All, London: Verso, 2013, 352 pages This book aims to pro...
1 comment:
Saturday, 14 December 2013

Imaginary Power

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This blog has included many articles on imperial economic and political power, a reality that must be understood in order to make sen...
Friday, 13 December 2013

Sitting on the Dock of the Bay

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(This is a guest article) That millions of workers in Asia on minimal wages produce a huge amount of consumer goods for the West is ...
1 comment:
Friday, 29 November 2013

Destroying the Evidence

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Britain's colonial empire was remarkable in two respects. Not only in the extent of territory controlled around the world, but also in t...
Wednesday, 30 October 2013

Cameron's Sharia Bond and British Parasitism

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To be the political leader of an imperialist power that has attacked a number of Muslim countries in the past decade, it takes a certain,...
1 comment:
Tuesday, 22 October 2013

Bad News for British Finance

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The UK government lauds the fact that recent measures of changes in economic output have a plus sign in front of them, rather than a min...
1 comment:
Thursday, 17 October 2013

Historical Materialism Conference in London

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The journal Historical Materialism is holding its tenth annual conference, entitled 'Making the World Working Class', in ce...
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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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