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Monthly Review | In Line of Fire: The Korean Peninsula in U.S.-China Strategy


China Daily, August 7, 2017.
Tim Beal is a retired New Zealand academic who has written extensively on Asia with a special focus on the Korean Peninsula. Recent publications include the entry on Korea for
The Palgrave Encyclopedia of Imperialism and Anti-Imperialism (New York: Springer, 2019). He has also written some chapters for a forthcoming collection: Immanuel Ness and Stuart Davis, eds.,
Sanctions as War: Anti-Imperialist Perspectives on American Geo-Economic Strategy (Leiden: Brill, 2021).
He is very grateful for the unstinting assistance of Ankie Hoogvelt and Gregory Elich in providing comments and corrections.
In August 1945, Washington’s view of the world was utterly transformed in line with the “gunboat diplomacy” dictum of Lord Palmerston countries have no permanent friends or enemies, just permanent interests. ....

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Monthly Review | China: Imperialism or Semi-Periphery?


Imperialism, the Highest Stage of Capitalism, Lenin defined the five “basic features” of imperialism:
(1) the concentration of production and capital developed to such a high stage that it created monopolies which play a decisive role in economic life; (2) the merging of banking capital with industrial capital, and the creation, on the basis of this “finance capital,” of a financial oligarchy; (3) the export of capital as distinguished from the export of commodities acquires exceptional importance; (4) the formation of international monopolist capitalist associations which share the world among themselves, and (5) the territorial division of the whole world among the biggest capitalist powers is completed. ....

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