Week 7

Key Questions

• What is value transfer? How is value transfer maintained?

• What are the primary mechanisms of value transfer? What is colonial tribute? What is monopoly rent? What is unequal exchange?

• Why is imperialism an inherent feature of capitalism?

Required Materials:

• Zak Cope, The Wealth of (Some) Nations: Imperialism and the Mechanics of Value Transfer, "Value Transfer"

• Zak Cope, The Wealth of (Some) Nations: Imperialism and the Mechanics of Value Transfer, "Colonial Tribute"

• Zak Cope, The Wealth of (Some) Nations: Imperialism and the Mechanics of Value Transfer, "Monopoly Rent"

• Zak Cope, The Wealth of (Some) Nations: Imperialism and the Mechanics of Value Transfer, "Unequal Exchange"

Supplementary Materials:

• Walter Rodney, How Europe Underdeveloped Africa, "Africa's Contribution to European Capitalist Development — The Precolonial Period"

• Walter Rodney, How Europe Underdeveloped Africa, "Europe and the Roots of African Underdevelopment — To 1885"

• Walter Rodney, How Europe Underdeveloped Africa, "Africa's Contribution to European Capitalist Development — The Colonial Period"

• Aviva Chomsky, Central America's Forgotten History: Revolution, Violence, and the Roots of Migration, "Making the United States, Making Central America"

• Aviva Chomsky, Central America's Forgotten History: Revolution, Violence, and the Roots of Migration, "The Cold War, Ten Years of Spring, and the Cuban Revolution"

• John Smith, Imperialism in the Twenty-First Century: The Globalization of Production, Super-Exploitation, and the Crisis of Capitalism, "Imperialism and the Law of Value"

• Cheng Enfu and Lu Baolin, "Five Characteristics of Neoimperialism"