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Episode 2

The Economics of Modern Imperialism

How does imperialism function economically today? What constitutes economic imperialism and what is the law of the tendency of the rate of profit to fall? In this episode, Lukas Slothuus and Ashok Kumar ask Michael Roberts, co-author (with Guiglielmo Carchedi) of the The Economics of Modern Imperialism, from the most recent journal issue 29.4 of Historical Materialism.

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Historical Materialism is a Marxist journal, appearing four times a year, based in London. Founded in 1997 it asserts that, not withstanding the variety of its practical and theoretical articulations, Marxism constitutes the most fertile conceptual framework for analysing social phenomena, with an eye to their overhaul. In our selection of material we do not favour any one tendency, tradition or variant. Marx demanded the ‘Merciless criticism of everything that exists’: for us that includes Marxism itself.

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