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No word today is as much used and abused as globalization. As the authors see it, it obscures more than it reveals about what is going on worldwide. They argue that it provides a cover for a new form of imperialist exploitation and the institution of US hegemony over a global process of capitalist accumulation. In the last decade of the 20th century, capitalists in Europe and the United States managed to create favourable conditions for the takeover and recolonization of economies all across the developing world. In the process, a new and emergent class of international capitalists, mostly located in North America and Western Europe, managed to restore highly profitable returns on their investments and operations, and to create islands of growing poverty and misery. This book provides a theoretical perspective on this process. The imperialist analytical framework, the authors argue, provides a better understanding of what is really going on and points towards forces of resistance and opposition that can be mobilized through political action to bring about needed change.

TOC: Globalization or Imperialism? - Globalization: A Critical Analysis - Globalization as Ideology - Capitalism at the End of the Millennium - The Labyrinth of Privatization - Democracy and Capitalism: An Uneasy Relationship - Cooperation for Development - NGOs in the Service of Imperialism - US Empire and Narco-Capitalism - The Politics of US Hegemony: Right-Wing Strategy in Practice - Socialism in an Age of Imperialism.