Russia has no colonies nor neocolonies, and doesn’t run their economy based on export of capital and plundering the surplus value of the global south, like the US and EU do.
Imperialism is characterized by the following:
-The presence of monopolies which play a decisive role in economic life.
-The merging of bank capital with industrial capital into finance capital controlled by a financial oligarchy.
-The export of capital as distinguished from the simple export of commodities.
-The formation of international monopolist capitalist associations (cartels) and multinational corporations.
-The domination and exploitation of other countries by militaristic imperialist powers, now through neocolonialism.
-The territorial division of the whole world among the biggest capitalist powers.
The global north, the US and Europe included, uses this export of capital to super-exploit foreign labor for super-profits. It also engages in unequal exchange, where the global south is prevented from moving up the value chain in production, allowing the global north to charge monopoly prices for commodities produced in the same labor hours. Russia does not do this, it has a paltry sum of the world’s finance capital, and this is proven by just how low their nominal GDP is compared to it’s GDP adjusted to PPP.
Russia has no colonies nor neocolonies, and doesn’t run their economy based on export of capital and plundering the surplus value of the global south, like the US and EU do.
Imperialism is characterized by the following:
-The presence of monopolies which play a decisive role in economic life.
-The merging of bank capital with industrial capital into finance capital controlled by a financial oligarchy.
-The export of capital as distinguished from the simple export of commodities.
-The formation of international monopolist capitalist associations (cartels) and multinational corporations.
-The domination and exploitation of other countries by militaristic imperialist powers, now through neocolonialism.
-The territorial division of the whole world among the biggest capitalist powers.
The global north, the US and Europe included, uses this export of capital to super-exploit foreign labor for super-profits. It also engages in unequal exchange, where the global south is prevented from moving up the value chain in production, allowing the global north to charge monopoly prices for commodities produced in the same labor hours. Russia does not do this, it has a paltry sum of the world’s finance capital, and this is proven by just how low their nominal GDP is compared to it’s GDP adjusted to PPP.