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Neoliberalism

is neo-imperialism

Main TEXT on Neoliberalism-is-neo-imperialism HERE

From the research of Cheng Enfu and Lu Baolin (Monthly Review May 2021), it is found that by early 21st. century, the overseas profits of U.S. corporations have had increased from 5 percent in 1950 to 35 percent in 2008. Indeed, the proportion of overseas-retained profits increased from 2 percent in 1950 to 113 percent in 2000. The proportion of overseas profits within the total profits of Japanese corporations had increased from 23.4 percent in 1997 to 52.5 percent in 2008, (Cui Xuedong, “Is the Contemporary Capitalist Crisis a Minsky-Type Crisis or a Marxist Crisis?” [in Chinese], Studies on Marxism 9 (2018).

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