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Imperialism at the Third Stage

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Chapter Summary

This chapter focuses on the United States which is both the main imperialist country and the one most directly engaged in Latin America. It organizes around that course of things since we share the presumption that imperialism third stage has come to an end. The chapter discusses the economic strategy of the United States in confronting the collapse of Keynesianism that began at the end of the 1960s and how it ended up leading to new and deeper convulsions. The theoretical approach put forward by Keynes with its emphasis on demand and consumption would provide a suitable ideology for the new pattern of capital accumulation. The crisis that unfolded towards the end of the 1960s heralded the Keynesian period depletion. The economic policy regarding the creation of technological progress remained almost unchanged in subsequent years. Capitalism is now called upon to pursue a new wave of technological change.

Keywords: capitalism; economic policy; Imperialism; Keynesianism; Latin America; theoretical approach; United States



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