Imperialism in the Twenty-First Century: Globalization, Super-Exploitation, and Capitalism’s Final Crisis
384 pp, $28 pbk, ISBN 9781583675779
By John Smith
Reviewed by Philip Roddis, via Steel City Scribblings
“…That first chapter goes on to consider two other products, iPhones and coffee. These too are produced in the global south for consumption in the north. Although very different products, Smith’s teasing out of the socioeconomic relations they embed shows their commonality. All are created under conditions of a super-exploitation which mainstream economics is at pains to conceal or obscure by a ‘value chain’ orthodoxy that would have us believe an iPhone made in China for $80 retails in the west for $800 not through exploitation but because the activities of shipping, advertising and packaging add $720 of value….”
Read the review at OffGuardian
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