Jayati Ghosh On Imperialism in the 21st Century
In this series, economist Jayati Ghosh unpacks the shift in imperialism into the present from explicit power relations under colonialism to 21st century forms of imperialism under implicit rules and regulations determined by an international legal and institutional architecture
Capitalism has always been remarkably agile is terms of responding to new conditions and creating new markets all designed to lift capitalism out of the stagnation that is has pushed itself into because it has suppressed wage incomes says Jayati Ghosh.
The ability of nation states to regulate capital in the interests of their own citizens, workers and society was increasingly constrained in the 1980s by an international legal architecture says Jayati Ghosh commenting on the origins of this different form of imperialism
Jayati Ghosh explains imperialism has gone through many different forms of control in the course of its evolution yet whether explicit or implicit, imperialism is about the struggle to control economic territories such as markets, workers and natural resources