The Economics of War
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The Economics of War

Profiteering, Militarism and Imperialism

Imad A. Moosa

Bad things occur and persist because of the presence of powerful beneficiaries. In this provocative and illuminating book, Imad Moosa illustrates the economic motivations behind the last 100 years of international conflict, citing the numerous powerful individual and corporate war profiteers that benefit from war.
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Chapter 4: Imperialism as an enterprise

Imad A. Moosa

Abstract

Imperialism is a policy of extending a country’s power and influence through colonisation, the use of military force or by forcefully establishing financial and commercial relations. Europe’s adoption of territorial imperialism was largely focused on economic growth by collecting resources from colonies while assuming political control by military and political means. The consequences of imperialism are devastating for the colonised countries and territories. Under foreign rule, native culture and industry are destroyed while imported goods (in the name of free trade) wipe out local craft industries. Imperialism emerged as the development and direct continuation of the fundamental characteristics of capitalism, in a process that involves the displacement of competitive capitalism by monopolistic capitalism.

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