In the ensuing series of articles, we briefly analyze
the nature of Imperialism in the context of the historical development of Capitalism.
The intent is to show that in the latest phase of capitalism, the global economy
is highly integrated, capital accumulation is multi-national rather than national
(in contrast to the 19th century) and its stability is vulnerable to even limited
wars in remote geographic areas. Therefore we have argued that the pursuit of
national economic interests is feasible only within the framework of multilateralism.
A return to a 19th century form of the aggressive use of military power for economic
gain, may be counter productive. This is because such a course is fraught with
the grave risk of continuing regional conflicts, economic destabilization and
erosion of both democracy and the multilateral political structures designed to
maintain global peace. I. THE CONCEPT Imperialism
as a concept became part of the political vocabulary as recently as the late nineteenth
century, while empires existed even in ancient times. It can be argued that imperialism
refers to the stage in the historical development of capitalism when it became
a global system from the nineteenth century onwards. There has been an extensive
scholarly debate on the phenomenon of imperialism, which was sharpened by the
fact that its conclusions became important to Marxist political movements during
the twentieth century (even though Marx himself never used the term).
After the industrial revolution in Britain in the late eighteenth century the
continuously expanding process of investment, technical change, production and
trade led to the emergence of a globalized economy. It involved a new international
specialization of production in which the economies of a number of countries of
Asia, Africa and Latin America, were restructured to export raw materials to,
and serve as markets for the manufactured goods of the industrial economies. This
phenomenon was associated with a division of the world amongst the major capitalist
powers into a set of colonies and spheres of influence. It is undeniable that
the division of the world since the late nineteenth century, as much as its integration,
had an economic dimension. Equally, the strategic projection of individual state
power as much as international collaboration, were impelled by economic interests.
Like the systems of power, the ideologies that legitimized
the political imperatives of imperialism and those that impelled revolt, were
also modulated by the globalized capitalist economy. Indeed this new division
of the world reached into the very heart of humanity. The colonized people were
ruptured from their history, language and culture, as they internalized the image
of the 'native'. An image that was constructed by the settlers charged with a
'civilizing mission'. Thus it was not only the economy of the colonized peoples
that was restructured but their very psyche. As Aime Cesaire in his discourse
on colonialism points out: "I am talking of millions of men who have been
skillfully injected with fear, inferiority complexes, trepidation, servility,
despair, abasement" II. THE DYNAMIC OF GROWTH AND
INEQUALITY The new world that was shaped by the development
of capitalism from the industrial revolution to the contemporary period was marked
by dramatic improvements in technology and in the growth of output and incomes.
Just as dramatic was the increase in the inequality of incomes and the availability
of basic public services between the industrialized countries on the one hand
and the countries that became 'under developed' on the other. For example the
share of world income accruing to the advanced capitalist countries in 1850 was
only 35% while the share of what are now called the "less developed"
countries was 65%. Over the next hundred years there was a dramatic change in
the relative economic fortunes of these two sets of countries brought about by
the uneven impact of capitalism. Thus by 1938 the share of world income accruing
to the advanced capitalist countries had increased to 76% while the share of the
less developed countries fell to 24%. The disparity in income shares subsequently
continued to increase rapidly. The question is,
what is it in the nature of the industrialization process within the framework
of capitalism, which imparts to it such tremendous dynamism and such a powerful
mechanism of inequality? In the late eighteenth and early nineteenth centuries
the shift from handicraft production to factory manufacturing represented perhaps
a watershed in the history of man's relationship with nature. Through out the
preceding ages it was the human hand that wielded the implement of production.
There was therefore a close ceiling to the growth of productivity since it depended
on the strength of the human hand and the quickness of the human eye. With the
onset of large scale factory production in capitalism, the implement of production
was transferred into a machine, thereby opening up unprecedented possibilities
of productivity growth. Now the speed with which the implement could be wielded
was determined no more by the human hand, but the development of science and its
systematic application to machine design. Income inequality could therefore be
expected to grow rapidly between industrialized and non-industrialized countries.
What gave to the capitalist growth process a tendency for continuous expansion,
was its social organization of production: Individual capitalists (later management
controlled corporations) were pitted in competition with each other within a market
framework, where survival required not only increasing profit but reinvesting
it continuously. In the process of reinvestment if profit was to increase, an
increase in productivity had to be achieved. It was this imperative of continuous
reinvestment, expansion of profits and the systematic application of science to
production that imparted to capitalism an unprecedented dynamism. At the same
time, the fact that this process was powered by those who could acquire the initial
investable resources, command labour, and could secure access over raw materials
and markets for finished goods, meant that there was an inherent tendency for
inequality both at the national and global levels. The town dwelling burghers,
who started life as merchants supplying goods and finance to feudal estates in
Europe, had by the end of the seventeenth century emerged as a political power
in England. Such was the interplay between politics and a dynamic capitalist growth
process, that by the end of the eighteenth century the bourgeoisie had become
a major political force in France, and by the end of the nineteenth century, the
dominant political power in the world.
[This is the first of a series
of articles, which are based on the author's paper on Imperialism, being published
in the forthcoming Encyclopedia of Capitalism, Golson Books, New York] |