Some Thoughts on the Nature of Economic Imperialism

One should distinguish from the start between the economic interpretation of imperialism and economic imperialism. The one is an explanation, an essentially monistic explanation, of an historical phenomenon. The latter is an aspect of the phenomenon itself: if imperialism is the dominion of one group over another, economic imperialism is the establishment or exploitation of such dominion for continuing material advantage. The definition assumes that economic imperialism is more than simple, once-for-all pillage; rather that it tries to cultivate relationships that yield a recurrent harvest of profit, as the ground its corn. Moreover, it makes no distinction between dominion established for economic motives and dominion that, for whatever reasons established, is maintained and exploited primarily for material ends. Finally, it does not confine imperialism to cases of formal rule or protectorate, but includes that “informal” dominion that is often far more effective and lucrative than direct administration.