The Concept of Imperialism in the CMP

The hegemonic power is the US, albeit in alliance with other subordinate powers. imperialism should not be understood as an economic structure different from capitalism of free competition based on the law of value," writes Hernández-Gonzalez. In our characterization based on the labor theory of value, imperialism is somewhat organic to CMP considered as a world system and derives from needs of globalized capital., it adds.