Thursday, August 15, 2013

Capitalism vs. Imperialism

Professor Stephen Davies at the Institute for Humane Studies gives us a lesson on how to distinguish between capitalism and imperialism. The former is based on voluntary exchange while the latter is based on exploitation. The conflict is seen as capitalism vs. imperialism, liberty vs. power, productive classes vs. exploitative classes. This was the conflict that animated the classical-liberal theory of class conflict.

Here is the video. Enjoy

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