By C.J. Polychroniou, Truthout | Interview
The concept of imperialism has fallen out of the political lexicon of many leftists in the West, with some deeming the concept irrelevant for understanding the dynamics of contemporary capitalism.
Marxist economist Prabhat Patnaik has been one of the leading voices countering this trend. In A Theory of Imperialism, a book he co-authored with Utsa Patnaik, Patnaik explores how a new form of imperialism is at work in the unfolding of the capitalist system.
In this exclusive interview for Truthout, Patnaik states the case for the continuing relevance of imperialism as an analytical construct for understanding and challenging effectively the logic and dynamics of contemporary capitalism.