Re: [Pen-l] race & imperialism [was: Obama and the Cult of Personality

[Waistline2@xxxxxxx]

In a message dated 1/21/2009 9:46:55 P.M. Eastern Standard Time, mraghu01@xxxxxxxxx writes:

>> Indeed, but this only begs the question: why is it that Western
capitalists are less willing to invest in Asia, Latin America and
especially Africa than in Europe and when they do "invest", it is in
the form of highly unstable "hot money" inflows? (Admittedly this has
changed in the last 2 decades or so with China receiving a lot of
investments, but I'd argue that this only further undermines
imperialism not strengthen it.) <<

 

Comment

 

What about return on investment and hate? In theory American imperialism could have invested in and uplifted Haiti years ago. China and the US are bound to collide in and over Africa. Bush W. began the big push into Africa. Behind the domestic program to rebuild the infrastructure, and allow a section of workers and capitalists a chance to feast at the governments table, is eyes on Africa as the last great areas of imperial investment.  Everything from water purification to roads to schools and hospitals is needed.

 

Things are going to get a little tricky. Not only can mother nature not be fooled, the falling rate of profit, just wont go away.

 

The era of the national liberation movement has definitely ended. This period lasted from 1776 to the founding of the Socialist Republic of Vietnam in 1976 or a solid 200 years, more or less. There are some exceptions like Katmandu, which just overthrew the Monarchy.

 

This moment in history demands an Obama. And he understood that. So do a lot of communists and leftists.

 

WL

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