GDP is not an actual measure of industrial productivity. Europe and the US are utterly dominated by finance capital, they are hollow shells when it comes to industrialization and as a consequence their economies are dying out as imperialism and neocolonialism become less profitable for them.
Not entirely. Imperialism and neocolonialism are in decay as socialist countries like China are on the rise, and as the global south is escaping underdevelopment.
GDP is not an actual measure of industrial productivity. Europe and the US are utterly dominated by finance capital, they are hollow shells when it comes to industrialization and as a consequence their economies are dying out as imperialism and neocolonialism become less profitable for them.
I will check your basic course
Thanks!
I wish imperialism and neocolonialism would collapse, but they win. The world is controlled by imperialist and capitalist
Not entirely. Imperialism and neocolonialism are in decay as socialist countries like China are on the rise, and as the global south is escaping underdevelopment.