Imperialism in the Neocolonial Phase

List of Tables ............................................................................12-16
Publisher’s Note ............................................................................17
Preface to the Revised Edition ...............................................18-19
Preface to the First Edition ...................................................20-25
Introduction ..............................................................................26-53
Chapter I Genesis of Neocolonialism .................................. 55-122
Origin and Development of Capitalism ................................ 55
Primitive Accumulation ............................................................ 57
Colonial Plunder ......................................................................... 58
Ascendancy of Industrial Capital ............................................ 63
Transition to Imperialism ......................................................... 66
Transitional Forms of Colonial Relations .............................. 77
Parasitism, Stagnation and Decay ........................................... 81
Emergence of USA as the Leading Imperialist Power ......... 84
Monroe Doctrine ......................................................................... 87
Open Door Policy ....................................................................... 89
Alteration in the Relative Positions of
America and Britain ................................................................... 92
World War I and the Growth
of American Finance Capital .................................................. 97
Great Economic Depression ....................................................102
Fascism ....................................................................................... 105
Advent of Keynesianism ......................................................... 107
New Deal ................................................................................... 109
Laissez-Faire to State Monopoly Capitalism ...................... 112
World War II .............................................................................. 113

Chapter II : Transition to Neocolonialism :
Methods and Institutions .............................. 123-188
Introduction ............................................................................... 123
Atlantic Charter ........................................................................ 124
Limitations in Grasping the Transition ................................. 126
Bretton Woods System ............................................................. 130
Role of Dollar ............................................................................ 133
United Nations System ............................................................ 134
Truman Doctrine and Pax Americana ................................... 136
Marshall Plan ........................................................................... 142
Emergence of MNCs ................................................................ 145
Military Industrial Complex ................................................... 155
Political Economy of Foreign Aid .......................................... 159
Neocolonial Cultural and Intellectual Offensives ............... 167
Golden Age ................................................................................ 169
Collapse of the Bretton Woods ............................................... 170
Oil Crisis .................................................................................... 178

Chapter III : Neocolonisation
Under Keynesianism ....................................................... 189-234
Introduction ............................................................................... 189
Keynesianism in Practice ......................................................... 192
Emergence of Development Economics ................................ 193
Import Substitution .................................................................. 196
Development Decades ............................................................. 201
Growth of Public Sector ........................................................... 206
Green Revolution ...................................................................... 210
Internationalisation of Production ......................................... 216
Collapse of Keynesian Illusions ............................................. 222

Chapter IV : Neoliberalism and Strengthening of
Neocolonialism ................................................. 235-280
Introduction ............................................................................... 235
Post–Fordism and ‘New International
Division of Labour’ .................................................................. 240
Import Substitution to Export Orientation .......................... 245
Debt Crisis ................................................................................. 252
Development Decades to ‘Lost Decade’ ............................... 259
Soviet and Chinese Integration with Imperialist Market .. 265
WTO as the Neoliberal Pillar of Neocolonialism ................ 270

Chapter V : The Crisis of Neocolonialism .......................... 281-333
Introduction ............................................................................... 281
The Process of Financialisation .............................................. 285
On Approaching the Crisis ..................................................... 299
Implications ............................................................................... 303
Emergence of China as an Imperialist Power ...................... 320

Chapter VI : India : A Show Case
of Neocolonialism ............................................................ 334-443
Colonial Political Economy ..................................................... 334
Class Character of the Indian Bourgeoisie ........................... 342
The Context of Power Transfer .............................................. 349
India under Neocolonisation .................................................. 356
Nehruvian Strategy .................................................................. 361
Green Revolution in India ....................................................... 376
Towards Debt Trap ................................................................... 392
A brief Note on Soviet ‘Aid’ ................................................... 395
Trends in the Eighties ............................................................... 399
Imperialist Globalisation and
Further Compradorisation ...................................................... 417

Chapter VII : Towards a Phase of Irreversible Crisis ....... 444-503
Overview of “Post-Meltdown” World Economy ................ 444
European Depression ............................................................... 457
Slowing Down in China .......................................................... 466
Recession Bouncing Back in Japan ......................................... 472
Spectre of Stagnation and Social Counterrevolution .......... 473
BRICS: Unipolarity to Multipolarity? .................................... 477
India: Ultra-Rightist Swing
and Surging Compradorisation ............................................. 487
Conclusion ................................................................................. 496

Chapter VIII : On the Approach to Neocolonialism ......... 504-537
Introduction ............................................................................... 504
Marxist-Leninist Formulation ................................................ 512
Dependency Theory ................................................................. 516
Postmodern Approach ............................................................. 521
Mode of Production Theory .................................................... 526
Neocolonialism as a Historical Category ............................. 528
Select Bibliography .....................................................................538-560