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Red Start Podcast
Imperialism pt 2 (Venture Capital and Lenin's Imperialism text) - Red Start Political Education Session
May 3, 2023
Comrade Michael explains venture capitalism and the relationship between imperialism and capitalism. The session explores the dynamics between capitalists and the proletariat, the role of venture capital and IPOs, and the difference between venture capital and stock market returns. It also discusses the evolution of capitalism, its impact on non-ultra-rich individuals, and the relevance of imperialism in today's socialist movement.
16:00
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Quick takeaways
- Understanding imperialism involves recognizing the economic relations that define a country's engagement with world markets and identifying imperialist countries' vulnerability to labor strikes and their role in supporting international finance capital.
- Venture capital and private equity in capitalism contribute to the consolidation of wealth, with capitalists controlling larger portions of the stock market and encroaching on sectors traditionally dominated by private equity, highlighting the need to challenge the international financial order for global socialist movements.
Deep dives
Understanding Imperialism and Its Relevance
Imperialism is not simply about identifying something as good or bad, but rather understanding the economic relations that define a country's engagement with world markets. Identifying imperialist countries helps us recognize their vulnerability to labor strikes and their role in propping up international finance capital. Non-imperialist countries, on the other hand, are less affected by labor strikes and have a smaller role in the international finance system.
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