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A Japanese Approach to Stages of Capitalist DevelopmentThe Stage of Imperialism

A Japanese Approach to Stages of Capitalist Development: The Stage of Imperialism [In our view the stage of imperialism reaches its most classical expression between 1890 and 1914 in Germany and the U.S. In important respects it is not entirely homologous with the previous two stages. Whereas they reached their most classical expression in the decades just prior to the dawning of a new stage, the apogee of the stage of imperialism is long before the waning of the stage with the advent of World War II. As we shall see later, it is not surprising that the development of this stage is violently disrupted by World War I. Efforts to reestablish the mode of accumulation characteristic of imperialism after World War I were largely unsuccessful, resulting in economic crisis, fascism, and eventually World War II. While the new stage of consumerism was prefigured in the U.S. by the development of the automobile industry prior to World War II and as early as the 1920s, it did not fully emerge until the post-World War II American hegemony. Thus the period between the wars is a kind of hiatus in which efforts to reestablish the pre-World War I mode of accumulation were unsuccessful, and the new stage of consumerism had not yet completed its gestation. From the classical expression of imperialism’s mode of accumulation prior to World War I until the birth of the new stage (consumerism) in 1945, there were 31 years of economic instability and relative chaos. A second difference between this stage and the previous two is that the core of capital accumulation is no longer located in a single country, England. Instead of there being a single dominant type of capital accumulation, there were competing types represented by Germany, America, and England. But these competing types had a good deal in common, in part, because of a third difference from the previous two stages: the greater internationalization of capital accumulation.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Japanese Approach to Stages of Capitalist DevelopmentThe Stage of Imperialism

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Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2022
ISBN
978-3-030-99036-7
Pages
175 –228
DOI
10.1007/978-3-030-99037-4_7
Publisher site
See Chapter on Publisher Site

Abstract

[In our view the stage of imperialism reaches its most classical expression between 1890 and 1914 in Germany and the U.S. In important respects it is not entirely homologous with the previous two stages. Whereas they reached their most classical expression in the decades just prior to the dawning of a new stage, the apogee of the stage of imperialism is long before the waning of the stage with the advent of World War II. As we shall see later, it is not surprising that the development of this stage is violently disrupted by World War I. Efforts to reestablish the mode of accumulation characteristic of imperialism after World War I were largely unsuccessful, resulting in economic crisis, fascism, and eventually World War II. While the new stage of consumerism was prefigured in the U.S. by the development of the automobile industry prior to World War II and as early as the 1920s, it did not fully emerge until the post-World War II American hegemony. Thus the period between the wars is a kind of hiatus in which efforts to reestablish the pre-World War I mode of accumulation were unsuccessful, and the new stage of consumerism had not yet completed its gestation. From the classical expression of imperialism’s mode of accumulation prior to World War I until the birth of the new stage (consumerism) in 1945, there were 31 years of economic instability and relative chaos. A second difference between this stage and the previous two is that the core of capital accumulation is no longer located in a single country, England. Instead of there being a single dominant type of capital accumulation, there were competing types represented by Germany, America, and England. But these competing types had a good deal in common, in part, because of a third difference from the previous two stages: the greater internationalization of capital accumulation.]

Published: Jul 1, 2022

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