Tag Archives: imperialism

The economic historian Paul Bairoch (1930–1999) subjected some Marxist myths about Western capitalism and imperialism to critical scrutiny in his now classic book Economics and World History: Myths and Paradoxes (New York and London, 1993).First, was the Western industrial revolution dependent on energy from the Third World?Bairoch (1993: 59) notes that right up until the post-WWII era the West was almost completely self-sufficient in energy, and as late as the 1930s much of the developed...

The relationship is a favourite of Marxists and even other leftists, and the usual line is: capitalism is inherently imperialistic.But is it? There are different forms of capitalism, and, above all, laissez faire ideology is not monolithic, and it comes in different forms.And it’s rather obvious that some of the most vehement capitalist ideologues are also the most vehemently anti-imperialist. Just think of Murray Rothbard or Ron Paul.For instance, just take Ron Paul’s comments in the videos...