Vampire Capitalism
In: Socialist review: SR, Band 22, Heft 1, S. 81-93
ISSN: 0161-1801
We are currently experiencing a new world order -- termed here, "vampire capitalism" -- a strategy of growth through redistribution that is based not on the productive capacities of the US, but on its powers of coercion, military force, & political & ideological domination. At a time when economic efficiency & technological innovation are eclipsing military & political domination as forms of control, the US is alone among the developed countries of the world in its emphasis on military intervention, or coerced extraction. One contribution to the development of vampire capitalism is the military-industrial complex's need to justify its existence in the post-cold war world. Vampire capitalism's strategy is to neutralize three forces that oppose US elites: rival capitalist forces, eg, Japan & Germany; the domestic working class; & developing nations dependent on US aid. To counter vampire capitalism, radical reforms must be undertaken, including a reformulation of international codes of corporate conduct, environmental standards, & labor rights. 3 Illustrations, 4 References. W. Howard