In the decades after 1945, as colonial possessions became independent states, it was widely-believed that imperialism as a historical phenomenon was coming to an end. The six essays collected in this volume demonstrate that a new form of imperialism was, in fact, taking shape—an imperialism defined not by colonial rule but by the global capitalist market. From the outset, the dominant power in this imperialism without colonies was the United States. Magdoff’s essays explain how this imperialism works, why it generates ever greater inequality, repression, and militarism, and the essential role it plays in the development of U.S. capitalism. His concluding essay presciently points out the limits of any attempted reform of the global economy which does not directly challenge the framework of capitalism. Written in the 1960s and 70s, Magdoff’s essays constituted a major contribution to Marxist theory and provided a model of rigorous argument in which theory is constantly checked against the economic reality. They provide an indispensable guide to the basic forces at work in the global politics of the twenty-first century. What People Are Saying "Harry Magdoff is a great teacher and an indomitable combatant. His contributions to socialist theory — on imperialism and monopolistic developments, as well as on the vital role of planning for any viable society of the future — are of a truly lasting importance." István Mészáros Table of Contents Introduction by John Bellamy Foster The Achievement of Paul Baran The New Imperialism The American Empire and the U.S. Economy Imperialism Without Colonies Militarism and Imperialism The Limits of International Economic Reform Index About the Author Harry Magdoff has been a co-editor of Monthly Review since 1969 and is the author of The Age of Imperialism and Imperialism: From the Colonial Age to the Present. John Bellamy Foster (Introduction) is professor of sociology at the University of Oregon in Eugene, author of Marx’s Ecology and Ecology Against Capitalism, and co-editor of Monthly Review.
