New Economic Imperialism
Those in power define national interests as the preservation of the existing set of economic, social, and political relationships. Therefore, the national interest of the supranational capitalist society is the interests of the upper class, allied throughout the globe. The United States capitalist class has proposed to preserve and extend U.S. capitalism by a policy of empire building to satisfy the need for large export markets that could supply cheap inputs and guarantee consumption.
The road to the current economic imperial structure prevalent in international affairs is a long and complicated one. During the twentieth century the capitalist elite began forming organizations in which to formulate and implement their policies on the supranational level, most of which were founded by John D. Rockefeller based on principles developed by Cecil Rhodes. These included the Council on Foreign Relations, Trilateral Commission and countless others scattered throughout the developed world. During the 1940s they began to create institutions with real power, sanctioned by nation-states, which would have the ability to implement policies on the international level, something they needed. These included the United Nations, the political arm, NATO, the military arm, and the two monetary funds created during the conference held in Bretton Woods, New Hampshire in 1944: the International Monetary Fund and the World Bank. It was decided international monetary institutions were needed to “stabilize currencies and to facilitate programs of capital investments for constructive undertakings in backward and underdeveloped regions.” (Sklar 148) Corporations would float bonds guaranteed by the ...
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... Subsequently, a global imperialistic strategy has developed designed to keep developing countries in a position where the West wants them.
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