Economics of Imperialism

Analysis of how the world economy works

Thursday, 18 July 2019

Debt Update

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For the first time in a decade, the ratio of debt to GDP fell back in 2018 for both advanced and emerging market economies. It neverth...
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Monday, 15 July 2019

China & World Trade

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Just in case you had forgotten that China is a major part of the global economy, here is a chart from the Bank of England's Financial St...
Sunday, 7 July 2019

Looking Out from the Waste Land

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A dull day; even the drizzle got bored and left. No respite from conversations overheard, Language may as well be dead; just wasted ...
Tuesday, 18 June 2019

The Promised Land

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Palestine really was the Promised Land. So much so that it was promised to three different groups within a couple of years. [1] The pr...
Friday, 19 April 2019

Strange Fruit in Palestine

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Palestinians observe the aftermath of settler violence (B’Tselem, 6 December 2018) Recently I listened to Billie Holiday’s rendit...
Tuesday, 16 April 2019

Racism & Imperial Anxiety: US vs Huawei

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US political opinion against China has two solid bases. The first is the longstanding racist and protectionist sentiment in the white work...
Monday, 8 April 2019

Politics & the Imperialist Grinding Machine

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On 5 April in London, I gave a talk for the ‘Great Moving Left Show’ on the world economy and political responses to how it works. The p...
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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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