The Economics of Modern Imperialism

The podcast explores the economic aspects of modern imperialism and the falling rate of profit. It discusses the distinction between colonialism and imperialism, examines different definitions of imperialism, and debates the relevance of Marx's rate of profit argument. The complexities of outsourced production in relation to imperialism are also explored, along with the potential impact of expanding data on G20 and G7 countries. The concept of modern imperialism is discussed, including the role of frontier economies, rent, and the finance sector in shaping imperialism.