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The Wealth of (Some) Nations

The Wealth of (Some) Nations

Zak Cope

(2019)

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Abstract

In this provocative new study, Zak Cope makes the case that capitalism is empirically inseparable from imperialism, historically and today. Using a rigourous political economic framework, he lays bare the vast ongoing transfer of wealth from the poorest to the richest countries through the mechanisms of monopoly rent, unequal exchange and colonial tribute. The result is a polarised international class structure with a relatively rich Global North and an impoverished, exploited Global South.

Cope makes the controversial claim that it is because of these conditions that workers in rich countries benefit from higher incomes and welfare systems with public health, education, pensions and social security. As a result, the internationalism of populations in the Global North is weakened and transnational solidarity is compromised.

The only way forward, Cope argues, is through a renewed anti-imperialist politics rooted in a firm commitment to a radical labour internationalism.
'Powerfully challenges the imperialism-denial dominating Marxist theory and practice in Europe and North America and influential elsewhere. Whether or not you agree with all its arguments and conclusions, you'll find this to be a stimulating and thought-provoking book'
John Smith, author of 'Imperialism in the Twenty-First Century'
'Highly important and timely. Required reading for anyone interested in understanding the nature of current global capitalism, rather than remaining hoodwinked by the mythology of equality and liberty'
Amiya Bagchi, Monash University
'Global inequality isn't natural; it's created. Zak Cope explains how the rules of the international economy have been designed to benefit a few powerful nations in the Global North at the expense of most of the rest of the world. A' brilliant intervention from one of the best scholars in the field
Jason Hickel, Goldsmiths, University of London
'The most significant book published on the political economy of imperialism in the 21st century, written by the foremost scholar of global imperialism today.'
Immanuel Ness, author of 'Southern Insurgency: The Coming of the Global Working Class'

Table of Contents

Section Title Page Action Price
Cover Cover
Contents v
List of Tables and Figures vi
Acknowledgements viii
Introduction 1
Part I: The Mechanics of Imperialism 7
1. Value Transfer 9
2. Colonial Tribute 22
3. Monopoly Rent 33
4. Unequal Exchange 47
Part II: The Econometrics of Imperialism 59
5. Imperialism and Its Denial 61
6. Measuring Imperialist Value Transfer 75
7. Measuring Colonial Value Transfer 88
8. Comparing Value Transfer to Profits, Wages and Capital 102
Part III: Foundations of the Labour Aristocracy 119
9. Anti-Imperialist Marxism and the Wages of Imperialism 121
10. The Metropolitan Labour Aristocracy 133
11. The Native Labour Aristocracy 149
Part IV: Social Imperialism Past and Present 167
12. Social Imperialism before the First World War 169
13. Social Imperialism after the First World War 183
14. Social-Imperialist Marxism 198
15. Conclusion: Imperialism and Anti-Imperialism Today 209
Appendix: Physical Quality of Life in Capitalist and Socialist Countries 219
Notes 224
Bibliography 242
Index 259