The Economics of Modern Imperialism and Marxist Labor Theory of Value

This podcast episode discusses the economics of modern imperialism and its analysis through the prism of Marxist labor theory of value. It emphasizes the role of economies in determining various features of imperialism and the transfer of surplus value. The paper argues that the persistent appropriation of surplus value by high-tech imperialist countries from low-tech dominated countries is a defining aspect of modern imperialism. It highlights the importance of technology and persistent unequal levels of technology as conditions for this transfer of value. The episode also explores the long-term tendency of the rate of profit to fall and its relationship to imperialism.