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based on the original dinar coins used during the Caliphate of Uthman in 634 CE, was set to include seven minted coins: two gold, three silver and two copper. One gold dinar would be worth about $139

More than a century and a half before Columbus’s voyages, a Malian ruler named Abu Bakr II was said to have equipped an expedition involving two hundred ships that attempted to discover “the furthest limit of the Atlantic Ocean.” The expedition failed to return save for one vessel, whose survivor claimed that “there appeared in the open sea [as it were] a river with a powerful current…. The [other] ships went on ahead but when they reached that place they did not return and no more was seen of them.” Some modern historians (Michael Gomez, Toby Green, and John Thornton, among others) have interpreted this to mean that the Malian ships were caught in the Atlantic Ocean’s Canary Current, which sweeps everything in its path westward at about the same latitude as Mali.Abu Bakr II supposedly responded not by abandoning his dreams of exploration but by equipping a new and far larger expedition, this time involving two thousand ships and with himself in command. That was the last that was seen of him. We know of this story only because when Abu Bakr’s successor, Mansa Musa, was staying in Cairo in 1324–1325 on his pilgrimage to Mecca, the secretary of the chancery of the Mamluk Dynasty asked him how he had come to power and recorded his reply. There are no other traces of Abu Bakr’s attempt.

Mansa Musa, however, who took power in 1312, left such a powerful stamp on his time that it is remarkable how little known he is today. Recently it has been claimed that he was the richest person who ever lived. Speculation over the size of his fortune (“Mansa” means ruler) is based almost entirely on his three-to-twelve-month stay in Cairo on his way to Mecca. The Arabic-language sources vary on many of the details but leave an unmistakable impression of lucre the likes of which have rarely been seen anywhere. Badr al-Din al-Halabi wrote that Musa “appeared [in Cairo] on horseback magnificently dressed in the midst of his soldiers” with more than 10,000 attendants. Another source claims that he “brought with him 14,000 slave girls for his personal service.” A third spoke of the “great pomp” of the pilgrimage, saying that Musa traveled “with an army of 60,000 men who walked before him as he rode. There were [also] 500 slaves, and in the hand of each was a golden staff each made from 500 mithqāls of gold.”

the Malian leader’s huge slave entourage may have cemented the image of Sudanic Africa as an inexhaustible source of black labor in lastingly harmful ways

Between the money handed out and that spent extravagantly in the markets of the city, the value of gold in the region dipped sharply, and according to some accounts remained depressed for years. Musa was so profligate that he had to borrow funds to finance his return voyage

Gomez speculates that the grand geopolitical gambits of Abu Bakr and Mansa Musa shared similar motives: both were looking for a way for Mali to escape the threatening political interference and costly economic control of the Berber middlemen of North Africa through whose territory their gold passed on its way to Europe and elsewhere

the Sahara has long been miscast as a barrier separating a notional black Africa from an equally notional white or Arab one. In reality, it argues, the desert has always been not just permeable but heavily trafficked, much like the ocean, with trade as well as religious and cultural influences traveling back and forth, and with world-shaping effects

early in the European encounter with Africa there was a tremendous fluidity and confusion over the labels the newcomers applied to the indigenous peoples they met, with the newly explored lands of West Africa being variously fancied as Guiné, Ethiopia, and even India. Blackness, however, was essentialized from the very beginning

when they crossed the Senegal River on their way south down the coast of West Africa, they found that they lacked the means to prevail militarily over the confident and capable African kingdoms they encountered. The Portuguese thereafter made a pragmatic turn away from an approach that relied on surprise raids to one based instead on trade and diplomacy.

a pattern in which the Portuguese obtained slaves not from unclaimed territories inhabited by stateless societies but rather from African kings with legitimate sovereignty over their lands, as when they sold captives won in wars with their neighbors

Of the broader interactions in the region between these early Portuguese seekers of fortune and local sovereigns, Bennett writes:While both sides constantly struggled to impose their traditions on the commercial formalities, the African elite usually dictated the terms of trade and interaction. Portuguese subjects who violated African laws quickly risked stiff fines or found their lives in danger. Here we are clearly a very long way from the view—commonly propagated in the ascendant West after the transatlantic slave trade had increased dramatically and European colonization and plantation agriculture had taken firm hold in the New World—that Africans were mere savages who subsisted in a near state of nature.

At the core of Bennett’s book is the argument that the fierce competition between Portugal and Spain over the African Atlantic, which was significantly mediated by the Church, was crucial to the creation of the modern nation-state and of what became modern European nationalism. Early national identities in Europe were forged, to a substantial extent, on the basis of competition over trade and influence in Africa. And this, Bennett says, gets completely lost in Western histories that fast-forward from the conquest of the Canary Islands to Columbus’s arrival in the Americas. “We lose sight of the mutually constitutive nature of fifteenth-century African and European history…whereby Africa figured in the formation of Iberian colonialism and thus the emergence of early modern Portugal and Castile,” he writes.

the often surprising success that Africans had throughout the first four hundred years of their encounter with Europe

That Africans themselves participated in the Atlantic slave trade is by now widely known, and Green by no means skimps on the details. What is less well known in his account is the determined and resourceful ways that a number of major African states struggled to insulate themselves from the slave trade and resist Europe’s rising dominance

Faced with Kongo’s resistance to expanding the slave trade, in 1575 Portugal founded a colony adjacent to the kingdom, at Luanda (now in Angola), which it used as a base to wage an aggressive destabilization campaign against its old partner. Kongo resisted the Portuguese doggedly, eventually turning to Holland as an ally, because that country was not yet engaged in slaving and was an enemy of the then unified kingdoms of Spain and Portugal. The 1623 letter by Kongo’s King Pedro II initiating an alliance with Holland requested “four or five warships as well as five or six hundred soldiers” and promised to pay for “the ships and the salaries of the soldiers in gold, silver, and ivory.” Holland soon entered into the proposed alliance, hoping that by cutting off the supply of slaves from this region, which alone supplied more than half of those sent to Brazil and the Spanish Indies, Brazil itself, a plantation society and at the time Portugal’s leading source of wealth, would become unviable.

What ultimately undid Kongo, the horrific demographic drain of the slave trade that followed its defeat by Portugal in 1665, was a vulnerability it shared with some of the other important late holdouts against European encroachment—powerful and sophisticated kingdoms like the Ashanti Empire and Benin—which was a loss of control over its money supply. In Kongo, a locally made cloth of high quality was the main traditional measure of value and means of exchange, alongside a type of seashell, the nzimbu, harvested along the nearby coast. The Dutch, discovering the local fixation on cloth, flooded the region with its early industrial textiles, wiping out the market for Kongo’s own manufacture. After they gained control of Luanda, the Portuguese similarly flooded the region with shells, both local ones and others imported from the Indian Ocean. Similar monetary catastrophes befell the few big surviving West African kingdoms—mostly as a result of the fall in the price of gold following New World discoveries of gold and silver.

“For several centuries, Western African societies exported what we might call ‘hard currencies,’ especially gold; these were currencies that, on a global level, retained their value over time.” In return, Africans received cowries, copper, cloth, and iron, all things that declined in value over time. All the while, Africa was bled of its people, as slave labor was being put to productive use for the benefit of the West

the root causes of many of the problems of the present lie precisely in this more distant past

Operation Euphrates Shield. Despite that IS was declared as the operation’s main objective, the main aim was to prevent the Kurdish geographical contiguity between the Kobani and Afrin cantons that could later expand to the west and reach the Mediterranean. Indeed, Euphrates Shield’s hidden agenda surfaced when Turkey launched the “Operation Olive Branch” against the PYD-controlled Afrin region.

Turkey began to re-settle some of its Syrian Arab refugees (their official number reached to 3.5 million in July 2018) in the occupied zone of Northern Syria. While Turkey seeks to solve its refugee problem, it also aspires to Arabize the region by settling Syrian Arab refugees to the Kurdish canton of Afrin diluting its Kurdish character.

Turkey began to re-build the infrastructure in order to encourage its Syrians refugees to re-settle. Turkey has opened the Zeytin Dalı (Afrin), Çobanbey (Al-Rai), and Karkamış (Jarabulus) crossings to connect the region to Turkey like a swing door

in order to boost Turkmens’ influence in the region who constitute only 8% of the whole Afrin province population, Turkey facilitated the formation and deployment of the Turkmen Muntasır Billah brigades to Afrin under the umbrella of Free Syrian Army.

Turkey is paving wide highways to these crossings inside Syria to facilitate transport from Al-Bab and Jarabulus to Turkey. It also plans to link Manbij (currently under PYD control) to this network in the future. This will accelerate the Arabization of the region and encourage Turkish and Syrian businessmen living in Turkey to invest in the region – most likely in textile and olive sector.

Turkish influence in the economy of the cantons is reflected also in the use of its currency. Given the fact that most of the goods are sent into the region by Turkey, the civilian population who has little access to the Syrian Lira, began using the Turkish Lira to provide themselves their daily needs such as food and oil.

The situation in northern Syria clearly reflects the traditional Ottoman colonizing model that can also be seen in Cyprus. While settling loyal population to the region the Ottomans also provided welfare and other socio-economic infrastructures to the regions that they conquered.

Signs in Turkish can be seen on hospitals, schools, fire and police stations. Turkey is paying the salaries of the doctors, teachers, fire fighters and the policemen as well as providing electricity to the region by laying a 3 km. long power cables. Ambulances, fire brigade trucks and police vehicles are all brought from Turkey.

Turkey also repaired and provided equipment to Afrin schools. While putting Arabic back into the curriculum at the expense of Kurdish language, Turkish flags, President Recep Tayyip Erdoğan’s posters alongside with July 15, 2016 military coup attempt martyr Ömer Halisdemir’s portraits can be seen in Afrin’s schools.

Despite Turkey’s official statements favoring a united Cyprus in 2004 (in the framework of the Annan Plan), and its 2018 statement supporting the territorial integrity of Syria, its actions are not reflecting the rhetoric

in some ways what’s frustrating to me is that this story isn’t new, and it shouldn’t feel to anyone like it’s new. It’s not like no one knew how devastating World War II was to the Philippines — Filipinos knew and have been saying it very loudly, and if you go to Manila, the city is still marked by it. But folks on the mainland don’t always get to see that. So I see this work not just as doing deep dives into dusty boxes and archives in remote places, but also drawing on knowledge that has been produced around all these sites of empire and trying to bring it into a coherent history of the United States.

The more you look at the history of westward expansion, the more you see really enticing resemblances between the kind of political strategy used by the United States during those experiments and practices and what happens overseas, such as the creation of a division between parts of the country that are states and others parts that are territories, or in the 1830s an attempt to create a massive all Native American territory called Indian Country that would be run as a colony. It’s not an accident that the same word we used to describe Kansas and Nebraska before they became states is also the appropriate word to talk about the Philippines, to talk about Guam, to talk about American Samoa

any information about the overseas parts of the United States doesn’t really count because it doesn’t really seem to be about the United States

Female sterilization, war crimes during World War II, internment — things that happened on the mainland or overseas are remembered with immense specificity and often tied to place, but when it comes to these colonies and territories, few people even know they happened

the declaration of martial law in Hawai’i and the maintenance of that state of martial law far beyond when it was militarily necessary. It wasn’t individual people being interned — the whole island was turned into a military prison with barbed wire around the perimeter. People were prohibited from moving at night, not showing up at work, changing jobs, using US currency — doing all kinds of things they might have done if they were free. If they violated these things, they were almost always convicted in courts presided over not by judges, but by military officers. There was something like a 99 percent conviction rate in the courts we know about. Another example is the internment in Alaska during World War II. A lot of people don’t remember that Japan didn’t just attack Alaska, but invaded and conquered the western tip of the Aleutian Island chain, and as a result the United States evacuated that entire island chain, including some other islands, and removed the native residents to southern Alaska where they were put in horrific camps where a great number of them died. The death rate was about ten percent

before even the US starts interning Japanese nationals and Japanese-Americans on the West coast, they were interning Japanese and Japanese-American nationals in the Philippines. It was right after Pearl Harbor, and it was enormous — it encompassed about 30,000 people. it was absolutely brutal. It was accompanied by extrajudicial killings, by rapes, by terroristic racial violence, and then by violent retribution once these internees were released as the Japanese invaded the Philippines

when Congress is debating whether or not the US should have a blanket law saying that anyone who sees an uninhabited guano island can annex it for the country, the key issue in that debate is that this can only happen for uninhabited islands. So it’s a way for the US to ease itself into the logic of empire. But legally those guano islands laid the foundation for a much larger empire, and an empire that is populated not just with some people but with tens of millions of people.

There are moments of frankness about the full geographical extent of the United States, and 1898 is one of them. It’s a moment when the United States is forthrightly an empire, according to a lot of maps and political discourse. That doesn’t last very long, and those who fought in World War II didn’t live through that moment and didn’t think about the United States in that way. Then many of them discovered the territorial extent of the country, especially if they went through the Pacific. They get a quick lesson in the true geography of the United States. But those moments of openness and frankness tend to close pretty quickly

We have long known and are very aware of the fact that race and racism has shaped the lives people have led in this country. Nevertheless, it’s also important to recognize that race and racism have shaped the actual country itself

The idea that you can have this guy who on the mainland is such a hero, but in Puerto Rico is known as an unconscionable villain. The idea that you can have that informational segregation persist for decades — that is extraordinary. That is how you hide an empire

climate change is posing serious threats to the US territories, as well as some of the islands where the US stations its military bases. If you think about it geographically, these territories are at the outer periphery of the United States, and that puts them on the front lines of history. The fact that four of the five inhabited territories have endured existential threats in the last two years is a preview of what’s to come, so I think this is going to be a time of reckoning for the United States. Can it still maintain this peripheral zone where there are US nationals and citizens who are deprived of the full rights of US citizens on the mainland?

after the Pick-Sloan plan dammed the Upper Missouri River with a series of five earthen-rolled dams in the mid-twentieth century for hydroelectricity and irrigation, 75 percent of wildlife and native plants on the area’s reservations disappeared, and hundreds of thousands of acres of Indigenous farms were destroyed

What was once a subsistence economy based on wild harvesting and small-scale agriculture was transformed almost overnight into dependency on USDA commodities. White flour, milk, white sugar, and canned foods replaced formerly protein- and nutrient-rich diets. Diabetes rates skyrocketed, and its spread can be contact-traced to a single public works project.

The government has once again made clear that the lives of the poor—especially the Black and Indigenous poor—are less sacred than private property

The Navajo Nation, whose lands helped make the United States the world’s largest oil producer, now faces some of the worst rates of infection and death—not only compared to other states, but to entire countries. About 30 percent of its reservation population lives without running water, and about 10 percent without electricity, while coal from its lands fuels power plants, and the water from its rivers soaks golf courses in Phoenix. The United States created the first nuclear bomb on a sacred Tewa mesa with uranium mined from Navajo lands, poisoning generations. For the Navajo people, the real pandemic is—and has always been—resource colonization.

On May 20, five tribal organizations signed a letter to David Bernhardt, the secretary of the interior (and a former oil lobbyist), calling for the resignation of assistant secretary of Indian affairs Tara Sweeney, an Inupiaq Alaskan Native (also a former oil lobbyist) for what she had set into motion during the pandemic. In late February, as coronavirus swept through the country, a federal court denied the Mashpee Wampanoag the right to restore their homeland in Massachusetts, a process set into motion by Sweeney in 2018 that was overturned by a federal judge in June. Her office also failed to protect the Tohono O’odham Nation’s burial and sacred sites from being destroyed with explosives to build Trump’s border wall, the construction of which continued unabated as large sectors of the economy were shut down. Meanwhile, the Interior Department allowed for-profit Alaskan Native corporations, many of which have investments in the oil and gas industry, to seek payouts from the Covid-19 relief money reserved for tribal governments.

American Indian men are incarcerated at four times the rate of white men, and American Indian women are incarcerated at six times the rate of white women

On April 28, three weeks after giving birth while in custody, Andrea Circle Bear, a thirty-year-old citizen of the Cheyenne River Sioux Tribe, became the first woman to die of coronavirus in federal prison. She was five months pregnant when sentenced to twenty-six months for a minor drug charge

Last month was the three-year anniversary of the killing of Zachary Bearheels, a twenty-nine-year-old citizen of the Rosebud Sioux Tribe. After suffering a mental breakdown and being kicked off a bus in Omaha while on his way back to Oklahoma City, police were filmed tasing Bearheels twelve times and punching him thirteen times in the head. “I can’t fucking breathe,” he told officers as he sat in the back of the cruiser. A coroner later found his cause of death to be “excited delirium,” a condition that supposedly leads to aggressiveness, incoherence, and “superhuman strength,” often after taking cocaine or methamphetamines. (Bearheels, however, had no drugs or alcohol in his system at the time of his death.) This diagnosis is controversial; it is frequently cited when people die in police custody. Three of the officers involved in Bearheels’s death were reinstated in April.

The United States has a long history of sacrificing or killing off groups of people—through war or disease or both—in the name of its self-proclaimed destiny. This belief in the country’s violent superiority was already evident among the early Puritans, who attributed the mass die-off of Indigenous peoples to divine intervention.

To blind themselves to the destruction they wrought, colonizers wove cultural fictions about the “vastness” of a continent devoid of human civilization—terra nullius—and thus open for white European settlement. (This was an early ideological ancestor of the Zionist phrase, “a land without a people for a people without a land,” that has come to justify the expulsion and colonization of Palestinians.)

Most historians have failed to draw what are obvious connections between heightened rates of infection and conditions of war, invasion, and colonialism. We need only look at the cholera outbreak in Yemen to see the relationship of disease to U.S. foreign policy. No one is disputing the fact that the infection of millions and the deaths of thousands there at the hands of this preventable disease are the result of a U.S.-backed, Saudi-led war, which has destroyed Yemen’s health care infrastructure. It shouldn’t surprise us to learn that one in four surgical amputations conducted at Red Cross centers in Iraq, Syria, and Yemen are the result of diabetes. These three countries have been the staging ground for U.S.-backed military interventions and invasions that have disrupted critical food and medical supply chains.

Economic sanctions, frequently hailed by politicians of all stripes as a “humane” alternative to war, are simply war by another means. U.S. sanctions currently hit hard in thirty-nine countries—one-third of humanity—causing currency inflation and devaluation and upsetting the distribution of medicine, food, power, water treatment, and other human needs

the United States only knows violence. It convinces through force. It is numb to suffering and indifferent to the welfare of people

Trump has elevated U.S. belligerence to the cosmos.

Yet a new world is coming into existence, even as fires burn in the Amazon or on the streets of Minneapolis. It has always been here. It was present at Standing Rock, in the chants of “water is life”; it could be heard among the Wet’suwet’en calls to “heal the people, heal the land”; and it resounded once again as hundreds of thousands took to the street to demand that “Black lives matter.”

colonialism is not only a contest over territory, but over the meaning of life itself.

In chapter 7 of Imperialism, the Highest Stage of Capitalism, Lenin defined the five “basic features” of imperialism: (1) the concentration of production and capital developed to such a high stage that it created monopolies which play a decisive role in economic life; (2) the merging of banking capital with industrial capital, and the creation, on the basis of this “finance capital,” of a financial oligarchy; (3) the export of capital as distinguished from the export of commodities acquires exceptional importance; (4) the formation of international monopolist capitalist associations which share the world among themselves, and (5) the territorial division of the whole world among the biggest capitalist powers is completed.8

Marxist theories of imperialism (or concepts of imperialism inspired by the Marxist tradition) that evolved after the mid–twentieth century typically defined imperialism as a relationship of economic exploitation leading to unequal distribution of wealth and power on a global scale.9

In chapter 8 of Imperialism, Lenin further argued that export of capital was “one of the most essential bases of imperialism” because it allowed the imperialist countries to “live by exploiting the labour of several overseas countries and colonies.” The superprofits exploited from the colonies in turn could be used to buy off the “upper stratum” of the working class who would become the social base of opportunism in the working-class movement: “Imperialism means the partition of the world, and the exploitation of other countries besides China, which means high monopoly profits for a handful of very rich countries, creating the economic possibility of corrupting the upper strata of the proletariat.”14

imperialism must be a system where a small minority of the world population exploits the great majority. It cannot possibly be a system in which the majority exploits the minority.

From 2004 to 2018, China’s total foreign assets increased from $929 billion to $7.32 trillion. During the same period, China’s total foreign liabilities (that is, total foreign investment in China) increased from $693 billion to $5.19 trillion.16 This means China had a net investment position of $2.13 trillion at the end of 2018. That is, China has not only accumulated trillions of dollars of overseas assets but also become a large net creditor in the global capital market. This seems to support the argument that China is now exporting massive amounts of capital and therefore qualifies as an imperialist country.

Rather than “exploiting” the developed capitalist countries, such capital flight in fact transfers resources from China to the core of the capitalist world system.

while foreign investment in China is dominated by direct investment, an investment form consistent with the foreign capitalist attempt to exploit China’s cheap labor and natural resources, reserve assets account for the largest component of China’s overseas assets.

the United States and other developed capitalist countries simply do not have the production capacity to produce within a reasonable period of time the extra goods and services that may correspond to the more than three trillion dollars of foreign exchange reserves held by China

From the U.S. point of view, China’s accumulation of foreign exchange reserves (mostly in dollar-denominated assets) has essentially allowed it to “purchase” trillions of dollars’ worth of Chinese goods largely by printing money without providing any material goods in return. China’s reserve assets, rather than being a part of China’s imperialist wealth, essentially constitute China’s informal tribute to U.S. imperialism by paying for the latter’s “seigniorage privilege.”

An average rate of return of about 3 percent on China’s overseas investment obviously does not constitute “superprofits.” Moreover, foreign capitalists in China are able to make about twice as much profit as Chinese capital can make in the rest of the world on a given amount of investment.

China’s total stock of direct investment abroad in 2017 was $1.81 trillion, including $1.14 trillion invested in Asia (63 percent), $43 billion invested in Africa (2.4 percent), $111 billion invested in Europe (6.1 percent), $387 billion invested in Latin America and the Caribbean (21 percent), $87 billion invested in North America (4.8 percent), and $42 billion invested in Australia and New Zealand (2.3 percent).

China’s massive investments in Hong Kong, Macao, Singapore, Cayman Islands, and British Virgin Islands (altogether $1.41 trillion or 78 percent of China’s direct investment abroad) are obviously not intended to exploit abundant natural resources or labor in these cities or islands.

Much of the Chinese investment in these places may simply have to do with money laundering and capital flight

the structure of China’s overseas assets is very different from the structure of foreign assets in China. Out of China’s total overseas assets in 2018, 43 percent consists of reserve assets, 26 percent is direct investment abroad, 7 percent is portfolio investment abroad, and 24 percent is other investment (currency and deposits, loans, trade credits, and so on). By comparison, out of total foreign investment in China in 2018, 53 percent is foreign direct investment, 21 percent is foreign portfolio investment, and 26 percent is other investment.

about $158 billion (8.7 percent of China’s total stock of direct investment abroad or 2.2 percent of China’s total overseas assets) invested in Africa, Latin America, and the rest of Asia. This part of Chinese investment no doubt exploits the peoples in Asia, Africa, and Latin America of their labor and natural resources. But it is a small fraction of China’s total overseas investment and an almost negligible part of the enormous total wealth that Chinese capitalists have accumulated

Marxist theorists of imperialism already realized that, in the postcolonial era, imperial exploitation of underdeveloped countries mainly took the form of unequal exchange. That is, underdeveloped countries (peripheral capitalist countries) typically export commodities that embody comparatively more labor than the labor embodied in commodities exported by developed capitalist countries (imperialist countries). In the twenty-first century, global outsourcing by transnational corporations based on the massive wage differentials between workers in imperialist and peripheral countries may be seen as a special form of unequal exchange.22

if a country receives substantially more surplus value from the rest of the world than it transfers, then the country clearly qualifies as an imperialist country in the sense of being an exploiter country in the capitalist world system. On the other hand, if a country transfers substantially more surplus value to the imperialist countries than it receives from the transfer of the rest of the world, the country would be either a peripheral or a semi-peripheral member of the capitalist world system (depending on further study of the country’s position relative to other peripheral and semi-peripheral countries).

even if in the unlikely event that China turns out to be extremely successful in its effort to promote electric cars, it would at best replace no more than one-tenth of China’s current oil consumption.

Being a leading imperialist country, the United States benefits from its “seigniorage privilege.” Because of the other countries’ need to hold massive amounts of foreign exchange reserves in the form of dollar-denominated assets, the United States can “purchase” trillions of dollars of goods simply by printing money without providing material goods in return. The labor embodied in the U.S. “trade deficits” therefore should be treated essentially as unilateral transfers from the rest of the world and included in the unequal exchange.

Sources: “World Development Indicators,” World Bank, accessed May 31, 2021. Net labor transfer is defined as the difference between the total labor embodied in a country’s imported goods and services and the total labor embodied in the country’s exported goods and services. If the difference is positive, it constitutes a net labor gain; if negative, it constitutes a net labor loss.

in the neoliberal era, Chinese capitalism has functioned as a crucial pillar for the global capitalist economy by transferring surplus value produced by tens of millions of workers to the imperialist countries. At its peak, China’s net labor loss equaled 48 percent of China’s industrial labor force in 2007

Had there not been unequal exchange, the massive amounts of material goods currently supplied to the United States by the rest of the world would have to be produced through domestic production to maintain existing levels of U.S. material consumption. About sixty million workers (38 percent of the total U.S. labor force) would have to be withdrawn from service sectors and transferred to material production sectors. This would result in a massive reduction of services output (by about two-fifths of U.S. GDP) without raising levels of material consumption.

By 2015–17, while it would still take about five units of Chinese labor to exchange for one unit of U.S. labor and four units of Chinese labor to exchange for one unit of labor from other high-income countries, China had clearly established exploitative positions in South Asia and sub-Saharan Africa. One unit of Chinese labor can now be exchanged for about two units of labor from sub-Saharan Africa or four units of labor from South Asia. One unit of Chinese labor is roughly on a par with one unit of labor from the low- and middle-income countries of Latin America, Caribbean, Middle East, North Africa, Eastern Europe, and Central Asia. In addition, China has also established a significant advantage relative to other East Asian low- and middle-income countries.

The core countries specialize in quasi-monopolistic, high-profit production processes, and the peripheral countries specialize in highly competitive, low-profit production processes. Surplus value is transferred from the peripheral producers to the core producers, resulting in unequal exchange and concentration of world wealth in the core. By comparison, semi-peripheral countries have “a relatively even mix” of core-like and periphery-like production processes.23

From 1870 to 1970, the share of the world population that lived in countries with per capita GDP greater than 75 percent of the imperial standard varied between 10 percent (in 1950) and 17 percent (in 1913). This is a range consistent with the population share of “a handful of exceptionally rich and powerful states” suggested by Lenin.

reasonable to use 75 percent of the imperial standard as the approximate threshold between the core of the capitalist world system and the semi-periphery. It is important to note that this is only an approximate threshold and other important characteristics (such as state strength, degree of political and economic independence, technological sophistication, and so on) also need to be considered when deciding whether a country is a member of the core or simply has a core-like income level. For example, in 1970, among the wealthiest countries were rich oil exporters such as Qatar, Kuwait, United Arab Emirates, and Venezuela that clearly do not qualify as core countries.

From 1870 to 1970, the share of the world population that lived in countries with per capita GDP less than 25 percent of the imperial standard increased from 57 percent to 66 percent, suggesting widening global inequalities. I use 25 percent of the imperial standard as the approximate threshold between the periphery and the semi-periphery.

by 2017, as China’s per capita GDP advanced to 31 percent of the imperial standard, the structure of world income distribution was radically transformed. The share of the population that lived in countries with per capita GDP less than 25 percent of the imperial standard fell to 50 percent (the lowest since 1870). The share of the population that lived in countries with per capita GDP higher than 75 percent of the imperial standard narrowed to 12 percent. At the same time, the share of the population that lived in countries with per capita GDP between 25 and 75 percent of the imperial standard expanded to 38 percent (almost double the historical semi-peripheral share of the world population).

Neither capitalism nor imperialism is compatible with an arrangement where the majority of the world population exploits the minority, or even with a situation where a large minority exploits the rest of the world. Given the size of the Chinese population (almost one-fifth of the world population), if China were to advance into the core, the total core population would have to rise to about one-third of the world population. Can the rest of the world afford to provide sufficient surplus value (in the form of labor embodied in commodities) as well as energy resources to support such a top-heavy capitalist world system?

South Asia has recently overtaken China to become the largest source of net labor transfer in the global capitalist economy. In 2017, South Asia suffered a net labor loss of 65 million worker-years. All the low- and middle-income countries combined provided a total net labor transfer of 184 million worker-years in 2017

Assuming that China’s average labor terms of trade rises from the current level of about 0.5 (one unit of Chinese labor exchanges for about half of a unit of foreign labor) to about 2 (one unit of Chinese labor exchanges for about two units of foreign labor, similar to the current average labor terms of trade of the non-U.S. high-income countries), then the total labor embodied in China’s imported goods and services would have to rise to about 180 million worker-years. Rather than providing a net labor transfer of nearly 50 million worker-years, China will have to extract 90 million worker-years from the rest of the world. The total shift of 140 million worker-years represents about three-quarters of the total surplus value currently received by the core and the upper-level semi-periphery from the rest of the world and is roughly comparable to the total net labor transfer currently provided by all the low- and middle-income countries (excluding China).

to replace China’s current annual car production by electric vehicles would require the consumption of 120,000 metric tons of lithium annually. World total lithium production in 2018 was only 62,000 metric tons. Therefore, even if China uses up the entire world’s lithium production, it would only be sufficient to replace about one-half of China’s conventional car production.27

China was a typical peripheral country in the 1990s. In the early 1990s, China’s labor terms of trade was about 0.05. That is, one unit of foreign labor could be exchanged for about twenty units of Chinese labor. Since then, China’s labor terms of trade has improved dramatically. By 2016–17, China’s labor terms of trade rose to about 0.5. That is, two units of Chinese labor could be exchanged for about one unit of foreign labor. On balance, China remains an economy exploited by the imperialist countries in the capitalist world system, although the degree of exploitation has declined rapidly in recent years.

The world population in 2018 was 7.59 billion. Using the more generous 1.4 trillion metric tons as the global emissions budget for the rest of the twenty-first century, an average person in the future is entitled to an average annual emissions budget of about 2.3 metric tons per person per year (1.4 trillion metric tons / 80 years / 7.6 billion people). By comparison, China’s per capita carbon dioxide emissions in 2018 were 6.77 metric tons and the U.S. per capita carbon dioxide emissions were 15.73 metric tons.

From 1990 to 2013, China’s per capita carbon dioxide emissions surged from 2.05 metric tons to 6.81 metric tons. If this trend were to continue, China’s per capita carbon dioxide emissions would rise to 12.85 metric tons when China’s per capita GDP rises to $37,734 (75 percent of the imperial standard). If every person in the world were to generate this level of emissions every year between now and the end of the century, global cumulative emissions over the last eight decades of this century would amount to 7.8 trillion metric tons, leading to 5.5 degrees Celsius of additional warming (using the approximate calculation that every one trillion tons of carbon dioxide emissions would bring about 0.7 degrees Celsius of additional warming).

China’s current per capita carbon dioxide emissions are substantially above what would be predicted by the cross-country regression given China’s current income level. Using the cross-country regression, if China’s per capita GDP were to rise to $37,734, China’s per capita carbon dioxide emissions should be 8.67 metric tons. If every person in the world were to generate emissions of 8.67 tons every year between now and the end of the century, global cumulative emissions over the last eight decades of this century would amount to 5.3 trillion metric tons, leading to 3.7 degrees Celsius of additional warming. As the global average temperature is already about one degree Celsius higher than the preindustrial level, global warming by the end of the century would be 4.7 degrees Celsius. This will lead to inevitable runaway global warming and reduce the areas suitable for human inhabitation to a small fraction of the earth’s land surface.

In other words, climate stabilization and global ecological sustainability can be accomplished if every country either accepts a massive reduction of per capita income to peripheral levels or stays with the peripheral levels.

The currently available evidence does not support the argument that China has become an imperialist country in the sense that China belongs to the privileged small minority that exploits the great majority of the world population. On the whole, China continues to have an exploited position in the global capitalist division of labor and transfers more surplus value to the core (historical imperialist countries) than it receives from the periphery. However, China’s per capita GDP has risen to levels substantially above the peripheral income levels and, in term of international labor transfer flows, China has established exploitative relations with nearly half of the world population (including Africa, South Asia, and parts of East Asia). Therefore, China is best considered a semi-peripheral country in the capitalist world system.

Given its enormous population, there is no way for China to become a core country without dramatically expanding the population share of the wealthy top layer of the world system. The implied labor extraction (or transfer of surplus value) demanded from the rest of the world would be so large that it is unlikely to be met by the remaining periphery reduced in population size. Moreover, the required energy resources (especially oil) associated with China’s expected core status cannot be realistically satisfied from either future growth of world oil production or conceivable technical change. In the unlikely event that China does advance into the core, the associated greenhouse gas emissions will contribute to rapid exhaustion of the world’s remaining emissions budget, making global warming by less than two degrees Celsius all but impossible.