Category Archives: Foreign Investment
The “Hobson-Lenin Thesis”: Inequality, Imperialism, and the First World War In a small section in his new book, Branko Milanovic argues that the First World War was ultimately caused by income & wealth inequality within the belligerent countries, resurrecting ideas from John A. … Continue reading
Summary : (Part 1 of 4) I critique commenter Matt’s argument that, at the deepest level, American foreign policy has sought a “favourable investment climate” for itself in the Third World.
Summary : (Part 2 of 4) As the prelude to a critique of commenter Matt’s view of American foreign policy presented in Part 1, I sketch a brief history of foreign investment as context. Fear not the drear of evil, for the post is mostly pictures … Continue reading
(Part 3 of 4) I argue that commenter Matt’s view of US foreign policy, as presented in Part 1, makes no sense because the “returns” from that investment climate are laughably low. I present a balance sheet of American internationalism … Continue reading