International Capital Flows and the Meaning of Capitalist Expansion: A Reply to Szymanski

Abstract

Szymanski's treatment of capital flows as indicating revolution ary potential is criticized. On theoretical grounds, his perspective is criticized for misinterpreting the political implications of both classical Marxist and neo- Marxist theories of imperialism. On methodological grounds, he is criticized for use of measures. Finally, a number of questions are posed which are intended to expand the discussion of a Marxist interpretation of capitalist expansion across national barriers.