By Patrick Bond, Ana Garcia
delivering serious analyses of the increase of the BRICS economies in the framework of a predatory, exclusionary, and unequal worldwide capitalism, the individuals take on questions similar to: Will the BRICS strength social switch and innovation at the verified financial and political order? Do they bring in a brand new commencing for democracy and human rights, or are they more likely to be forces of political repression? What may still we predict within the coming years, particularly as a few of these economies face major hurdles within the wake of the worldwide monetary situation? A contrarian, anti-capitalist exploration of a few of an important nationwide economies on the earth this present day, BRICS offers a much-needed counterpoint to mainstream analysis.
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Extra resources for BRICS: An Anti-Capitalist Critique
Because of this they ‘opt for consolidating the national state as an intermediary’. That option allows them to focus on organising their forces. This intermediation, when combined with emphasis on the capital concentration and centralisation process that has now reached dependent economies, facilitates ‘the reproduction in these countries of the phenomenon of agglomeration of capital with the national state, to which Bukharin alludes, involving as much national as well as foreign capital’. The result of this agglomeration ‘is not the simple and pure submission of the state to capital’.
In Latin America, only Brazil has reunited the conditions to bring subimperialism into being, including national capital trusts that set into motion a new pattern of unequal exchange in which the dependent sub-imperialist economy not only transfers value but also appropriates it. Among the already enumerated conditions, domestic capitalist trusts received Marini’s major analytical treatment within the sub-imperialist category. In his article ‘World capitalist accumulation and sub-imperialism’, Marini incorporated aspects of Bukharin’s conglomeration theory in order to examine the state’s role in the sub-imperialist dynamic via the process of capital-state agglomeration, mustering capitalist trusts within the context of global capitalism’s integrationist tendency.
As a totality, sub-imperialism only exists in the dialectic that arises out of the articulation of the historical determinations that constitute its essence. Lack of theoretical clarity for understanding this totality and its essence causes confusion about Marini’s category not only among rival theoreticians who praise the Brazilian bourgeoisie but also other critics, including contemporary Marxist ones. What is sub-imperialism? As we hope to show, sub-imperialism has to be understood as a hierarchical level of the world system and at the same time as a stage of dependent capitalism (its highest stage) out of which some socioeconomic formations are transformed into new links in the imperialist chain without ever leaving the condition of economic dependency.
BRICS: An Anti-Capitalist Critique by Patrick Bond, Ana Garcia