Economics of Imperialism

Analysis of how the world economy works

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...
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Wednesday, 26 August 2020

The Lebanon Complex

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In the wake of the devastating explosion in Beirut, the western media has had an almost universal response. That is to focus on corruption...
2 comments:
Tuesday, 14 July 2020

China & US Power

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Can China do much to fight back against the power wielded by the US in the world economy? At first sight, that looks unlikely. China is bi...
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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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