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John Smith “meticulously demolishes” GDP illusions: Socialist Review

Imperialism in the Twenty-First Century

Imperialism in the Twenty-First Century: Globalization, Super-Exploitation, and Capitalism’s Final Crisis
384 pp, $28 pbk, ISBN 9781583675779
By John Smith

Review by Dermot Smyth

“Everyone remembers the 1,133 deaths from the 2013 Rana Plaza collapse. But who knows about Bangladeshi workers who earn just one euro cent for every 18 T-shirts they make, and take home €1.36 after a ten or 12 hour day? ¶ Ultimate villains of this ‘super-exploitation’ are corporate buyers from the Global North and race-to-the-bottom capitalist market competition. ¶ John Smith uses such atrocities to expose the ways that conventional statistics understate the value of outsourced commodities created in the Global South….”

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