ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Caricature of Marxism

Caricature of Marxism Ajit Roy "EVER since the First World War';, says the blurb of the book, "socialists have inevitably considered imperialism a calamity: responsible for militarism, economic stagnation, and assaults on democracy in the metropolitan countries, an impediment to economic, social and cultural development in the Third World...Bill Warren breaks with this traditional, outlook, arguing that the theory of imperialism, one of Marxism's most influential concepts, is not only contradicted by the facts but has diluted and distorted Marxism itself, transform- ins its very character." Indeed, the author himself argues that "substantial, accelerating and even historically unprecedented improvements in the growth of productive capacity and material welfare of the mass of the population have occurred in the Third World in the post-war period. Moreover, the developing capitalist societies of Asia, Africa and Latin America have proved themselves increasingly capable of generating powerful internal sources of economic expansion and achieving an ever more independent economic and nolitical status" (p 189), In order to bolster up this thesis, he visualises the prospects of a rise in the bargaining power of the LDCs, growing interdependence of multinationals and LDCs and beneficial role of private foreign investments in the LDCs (pp 167-83).

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