Skip to content
As soon as pre-capitalist economic modes are dissolved and are subjected to capitalism, capital's historic conditions for existence are finally exhausted: capitalism goes under. Promoted with the idea of free trade, globalization today not only refers to the exchange of goods and services but also the exchange of thoughts, ideas, cultures and practices all over the world.
1. She is passionate about writing and researching on various topics related to sociological and psychological phenomena. (Ahmad, 2010)Today, America has established its cultural imperialism on the entire world, especially in the global south, since these countries are primarily trying to imitate the American way of life, their lifestyle and values in order to ‘develop’ and become ‘modern.’ Moreover, we can also observe that American individuals in our country are not only considered superior but also treated superior as compared to other fellow Indians. She states that capitalism cannot be in its final stage if and when imperial expansion is taking place continuously. (Winslow, 1931)Throughout the course of her theory, she explains that capitalism cannot grow in isolation and how it needs to acquire non-capitalist regions which makes colonies necessary and imperialism consequential. This is something a state does not acquiesce to, like a private capitalist must acquiesce to defeat in competition. Her thesis on imperialism was based on the assumption that imperialism consists of the penetration and expansion of capitalism into non-capitalistic or purely agrarian regions for the sole purpose of surplus production and for reclaiming the consequent surplus value which allows it to exist on its own. … Rosa Luxemburg already in 1899 anticipated one of the basic tenets of the so called “new lecture (reading) of Marx of the 1970s and somewhat later: Briefly but clearly, she stated that the Marxian theory of value was fundamentally different form Ricardo’s labour theory of value. Description: 127 p. 22 cm. the purchasing power accrued from pre-capitalism and non-capitalism are integrated into the circuit of the capitalist economy and even in these economies grows rampantly. (Winslow, 1931)We can understand Luxemburg’s theory in two parts, the first part is that capitalism requires acquisition of certain non-capitalist regions. Stuti Banga is a sociology and psychology student, with a keen interest in exploring the different concepts and facets of these two subjects and their intersecting areas. Thus and this makes foreign trade a business fraught with war states look upon their international The organization of inter-state contractual relationships is a question of power, so the state powers engage in a In cases where there are stuggles for zones of influence and quite directly in wars, the traditional leftist confuses state and capital the other way around: the leftist always imagines that oil or gold or some other important raw material must lie under the battleground if the imperialists find it worth a war. In most cases, studies done in America are used and applied to the Indian context without much understanding of the uniqueness of thought and social, political and economic realities of India.This leads me to the observation that questions the relationship between imperialism and globalization.
Aijaz Ahmad’s ‘Amongst the various theories that can be used to understand this age-old process of imperialism, the most widely acknowledged, in terms of its influence and precedence is the Marxian theory of imperialism. 9. You do not lose everything in selling that has been extracted out of the workers in production.
She can't find the purchasing power necessary for it anywhere in capitalist society because she sees all incomes appearing through the advance of capital. (Winslow, 1931)Through the discussion in this paper, various conclusions can be drawn about Luxemburg’s and Marxian theories of imperialism and the applications of imperialism in today’s world.Through the review of literature, we can also conclude that Luxemburg places a double role or, in a sense, two contradictory roles on the colonies or non-agrarian regions that are facing imperialism by stating that it is these colonies that contain within themselves the capacity to continue as well as overthrow the capitalist regime.We can also observe that the foundation of Luxemburg’s theory of imperialism demands imperialism to be looked at as a whole and not as an isolated, individual part. We cannot conclude whether globalization was started with the ulterior motive of building colonies, however, we can definitely understand the relationship between these two processes. That perception, dominant as it still is among her admirers on the Left in Europe and all over the world, is thoroughly and misguided. However, for Luxemburg, this revolutionary actor was placed outside the capitalist system, inside the colonies.
This leads us to the second part of her theory wherein she states that no adequate market can sustain in a society that is exclusively composed of the labour class and the capitalist class. But, asks Luxemburg, who can convert the surplus value into cash?
It is also true that a general expansion of commercial activity brings with it the inability of some individual capitals to survive.