Renowned Marxist Economist Prabhat Patnaik: Capitalism Cannot Exist without Imperialism

What is imperialism? Is it a stage of capitalism, as Lenin described it, or was it always essential to capitalism? Can capitalism exist without imperialism? Prahbat Patnaik, professor emeritus at JNU, joins Rania Khalek on her program Dispatches to discuss the argument he lays out in his book A Theory of Imperialism, which argues that capitalism was always a function of imperialism. But today’s imperialism takes a subtler less visible form than during colonialism , keeping large parts of the...