BOOK: THE GREAT ROBBERY OF THE SOUTH

Continuity and Changes in the Super-Exploitation of the Semi-Colonial World by Monopoly Capital

Consequences for the Marxist Theory of Imperialism

ABOUT THE AUTHOR

 

Written by Michael Pröbsting

(International Secretary of the Revolutionary Communist International Tendency)

 

Published in 2013

 

 

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CONTENTS

 

 

List of Tables

List of Figures

List of Abbreviations

Bibliography

Introduction

 

 

1. Lenin’s Theory of Imperialism

 

“…as precise and full a Definition of Imperialism as possible”

 

Trotsky’s View of Lenin’s Theory of Imperialism

 

The Division of the World into Oppressing and Oppressed Nations

 

The Semi-Colonial Countries: a modified Form of Imperialist Subjugation or Independent Capitalist States?

 

The Role of the Superstructure and its Relationship with the Economic Basis

 

Imperialism and the Semi-Colonial State

 

 

2. Monopolism and the increasing Role of Monopolies in the World Economy 

 

Imperialism as Policy or as Monopolism based on Economic Laws?

 

Monopolism and Monopoly Profit

 

The ever-increasing Grip of Monopolies in the World Economy

 

 

3. The Decline of Capitalism since the 1970s

 

 

4. Capitalist Value Production and the Working Class Move to the South

 

The Marxist Classics on the Industrialization of the South

 

Value and Price on the World Market: The Grand Distortion of the Value Creation in the South

 

The increasing Importance of the Proletariat in the South and the Emerging Imperialist Countries

 

 

5. Rising Exploitation, Super-Exploitation and the Lowering the Value of Labour Force

 

Marx and the Depressing the Wages below the Value of the Labor Force

 

Impoverishment and Précarisation of the World Working Class in the past Decades

 

The Rise in the Rate of Exploitation

 

 

6. Marxist Theory and Imperialist Super-Exploitation of the Semi-Colonial Countries 

 

Unequal Exchange

 

Capital Export

 

Migration and Super-Exploitation

 

Centrist Objections

 

The Role of the Foreign Market

 

 

7. Various Forms of Imperialist Super-Exploitation of the Semi-Colonial Countries and their Development in the past Decades (Part 1)

 

An Overview on the Financial Net Transfer

 

Importance of Raw Materials and Food

 

The Role of Imperialist Capital Export to the Semi-Colonial World

 

Excurse: Capital Export and Capital Export is not the same

 

 

8. Various Forms of Imperialist Super-Exploitation of the Semi-Colonial Countries and their Development in the past Decades (Part 2)

 

i) Extra Profits via Capital Export as Productive Investment

 

Underestimation of surplus value and extra-profits extracted from the South

 

ii) Extra profits via Capital Export as Money Capital (Loans, Currency Reserves, Speculation, etc.)

 

Losses from Currency Exchange

 

Capital Flight

 

iii) Value Transfer from the Semi-Colonial South to the Imperialist North: Unequal Exchange

 

iv) Value Transfer from the Semi-Colonial South to the Imperialist North: Migration

 

Dramatic effects for semi-colonies: Brain Drain and Remittances

 

Direct and Indirect Exploitation of Migrants

 

Attempt for Total Calculation of Imperialist Plundering

 

Excurse: The Role of the Plundering of the Colonies for the Formation of

 

Capitalism in Western Europe in the 16th to 18th Century

 

 

9. Revisionist Critiques of the Leninist Theory of Imperialism

 

The Essence of Centrism

 

Denial of Concept of Semi-Colonies

 

Did Lenin and Trotsky know of Semi-Colonies?

 

When did the Epoch of Imperialism begin?

 

“Sometimes the Creation of ‚Independent’ States leads to a Strengthening of Imperialism.” (Lenin)

 

Backward Countries without Industry and Proletariat?

 

The CWI and the “imperialist” Argentina

 

The Example of Argentina

 

The SWP/IST and the Debt Dependency

 

Is there still a National Question of the Semi-Colonial Countries?

 

The new Theory of “Sub-Imperialism”

 

The Example of Turkey

 

“Sub-Imperialism” or Advanced Semi-Colonies?

 

Rejection of Concept of Labor Aristocracy

 

LFI: A formal Defense of Lenin’s Theory which disembowels its revolutionary Content

 

 

10. China‘s Transformation into an Imperialist Power

 

What are the Criteria for an Imperialist State?

 

China’s race to a World Major Economy

 

China’s Monopolies

 

Exploitation and Super-Exploitation of the Working Class

 

Capital Export as Bond and Loan Capital

 

Capital Export as Foreign Direct Investment

 

A Note on Hong Kong’s Role in Foreign Direct Investment

 

Where is China investing abroad?

 

Super-exploitation of the semi-colonies

 

China’s Military Forces

 

The Struggle for Control over the South China (or East) Sea

 

Where should the Working Class stand in possible Wars involving US and Chinese Imperialism and South-East Asian Nations?

 

Why did China’s Rulers succeed in becoming imperialist where others failed?

 

 

11. The Theory of Permanent Revolution and its Program for the Working Class Struggle

 

 

12. The Struggle against Imperialist Aggressions and Wars:

 

The Programme of the early Communist International and the Fourth International

 

i) Reactionary Wars and Conflicts between Imperialist States

 

ii) Just Wars and Resistance of the Oppressed

 

For the Destruction of the Apartheid State Israel!

 

Excursus: Capitalism as a unity of economic, political and ideological Spheres

 

iii) The Struggle for Class Independence and the Anti-imperialist United Front Tactic

 

iv) Liberation Struggles, Imperialist Interference and the Dual Military Tactics

 

The Public Opinion in the Imperialist World must not be the Starting Point for developing a Position towards a War!

 

How to approach various Forms of imperialist Military Interventions?

 

Consequences for the Military Tactic 

 

The Marxist Classics on Contradictory Factors in Wars

 

 

13. Centrism’s Failure in the Struggle against Imperialist Wars

 

i) The Malvinas War in 1982

 

ii) The Gulf War in 1991

 

iii) The imperialist War on Terror since 2001

 

Social-Imperialist ex-Stalinists

 

The IST’s specific Form of Opportunism 

 

How to fight for anti-imperialist Position and how not to fight for it

 

IST policy: Give us some Posts and we stop fighting for our Principles

 

CWI and their Capitulation to Imperialism

 

Socialist Zionism a la CWI

 

Is Revolutionary Defeatism too much for the Working Class?

 

On the CWI’ and IMT’s Falsification of Lenin’s and Trotsky’s Method

 

CMR/IRMT: Rejection of Anti-Imperialism in ultra-left Clothes

 

 

14. Some final remarks on the Perspectives for Class Struggle

 

i) A world historic revolutionary period

 

ii) The present historic period and its consequences for the semi-colonial world

 

The Shift to the South

 

The shift to Asia

 

Increasing Migration and Internationalization of the working class in the North

 

Great Power Rivalry and increasing imperialist leverage and wars of aggression against semi-colonies

 

Tendency towards Colonialism or more room to maneuver for the semi-colonial bourgeoisie? 

 

Globalization, regionalization and protectionism

 

The Prospects of Revolution and the Crisis of Working Class Leadership

 

 

15. Summary