Take good note, comrads. The imperialism expansion began to get reversed. Capitalism profitability seems to began the falling down of capitalist mode of production itself.
In other words, capitalists don’t invest much more in imperialism or abroad economy since the highest peak in 2007. Why ? Marxists would say profits rate aren’t high enough for them!!!!
Soon, they even won’t be able to feed their slaves….
«And at the same time, the great ‘globalisation’ of capital expansion around the world has reversed. Capital flows between the major economies had reached 45% of their GDP in 2007. Now that has fallen to just 5%.»
I have to say that I did not expect the referendum on whether Britain should leave the European Union or not would have a big effect on global markets. And over the long term, I do not expect it to have a great impact on the relative health or otherwise of British capitalism. Much bigger damage could be expected from the next global recession, which is coming up like a storm on the horizon at increasing pace. See my post on Brexit.
But it seems that the growing possibility (not probability) that Brexit could be a reality is really exercising the decisions of international investors (banks, hedge funds, etc) in financial assets. World stock markets, after a significant rally towards previous highs in the last three months, have now started to turn down.
Three things are driving this reversal. First, the fear of ‘Brexit’; that it will lead not only…
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