Business, Economics & Law
March 2023
Imperialism and the development myth
How rich countries dominate in the twenty-first century
by Sam King
China has moved from being one of the poorest societies to a level now similar with other relatively developed Third World societies - like Mexico and Brazil. The dominant idea that it somehow threatens to 'catch up' economically, or overtake the rich countries paves the way for imperialist military and economic aggression against China. King's meticulous study punctures the rising-China myth. His empirical and theoretical analysis shows that, as long as the world economy continues to be run for private profit, it can no longer produce new imperialist powers. Rather it will continue to reproduce the monopoly of the same rich countries generation after generation. The giant social divide between rich and poor countries cannot be overcome.
