Five Characteristics of Neoimperialism - The Globalization of Monopoly Finance Capital

Table of contents

1. The New Monopoly of Production and Circulation
2. The New Monopoly of Finance Capital
3. Minority of Financial Institutions Control Main Global Economic Arteries
4. The Globalization of Monopoly-Finance Capital
5. From Production to Speculative Finance
6. The Monopoly of the U.S. Dollar and Intellectual Property
7. The Spatial Expansion of the Capital-Labor Relation: Global Value Chains and the Global Labor Arbitrage
8. Monopoly-Finance Capital and Multinational Corporate Dominance
9. Neoimperialism and the Neoliberal State
10. U.S. Dollar Hegemony, Intellectual Property Rights, and the Plundering of Global Wealth
11. The New Monopoly of the International Oligarchic Alliance
12. The G7 as the Mainstay of the Imperial Capitalist Core
13. NATO and the International Monopoly-Capitalist Military and Political Alliance
14. Cultural Hegemony Dominated by Western “Universal Values”
15. The Economic Essence, the General Trend, and the Four Forms of Ideological Fraud
16. Economic Hegemony and Fraud
17. Political Hegemony and Fraud
18. Cultural Hegemony and Fraud
19. Military Hegemony and Fraud
20. Neoimperialism Is a Parasitic and Decaying Late Imperialism
21. Neoimperialism Is a Transitional and Moribund Late Capitalism

When imperialism evolved into neoimperialism, the financial oligarchies and their agents set the rules of trade and investment aside, and proceeded to launch currency, trade, resource, and information wars, plundering resources and wealth globally and at will. Within this system, neoliberal economists play the role of spokespeople for the financial oligarchs, advocating for financial liberalization and globalization in the interests of the monopolists and enticing developing countries to liberalize their capital account restrictions. If the countries concerned follow this advice, exercising financial supervision will become more difficult and their vulnerability to the hidden dangers of the financial system will increase. The effect will be to provide more opportunities for financial monopoly capital to plunder these countries’ wealth. In their operations on capital markets, the international financial investment giants tend to attack the fragile financial firewalls of developing countries and seize opportunities to plunder the assets these countries have accumulated over decades. This indicates that financial globalization and liberalization have certainly established a unified and open global financial system, but in the meantime have created mechanisms through which the global center appropriates the resources and surplus value of the less developed periphery. Concentrated in the hands of a minority of the international financial oligarchies and armed with actual monopoly power, finance capital has gained increasing volumes of monopoly profits through foreign investment, new business ventures, and cross-border mergers and acquisitions. As finance capital continuously levies tribute from all over the world, the rule of the financial oligarchs is consolidated.

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