Marxism Unmasked from Delusion to Destruction.pdf 7471KB

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FOREIGN INVESTMENTS AND THE SriRIT OF CAPITALISM
important became tfaeie ifaey could pioduce something they w-antcd
ugar. The setdements in America vMnr not a part of the old colonial
policy; they developed m spite of the ideas of the govrmment, at least not
'ccause o( them.
In the eighteenth century there was alfrad>' some imrstment in
the North American colomes. but it was not yet » phenomenon of
girat htstoTKal importance. The real foreign imrstment scaned in the
nineteenth century. This forrtgn imrsonent w» diHerrnt Irom the earlier
olontal investment insoCir as it took place m temcoriet owned and ruled
tryjomgn govrmmenti.
This foreign investment was developed m two dtfiermt wxy% One
trvelopmeni was the imrstmem m colonies owned b>' the sesrral colonial
lowers, i.c . in countrio dependent on European lunons. I'or tmtancc. the
hrinsh imrsiments in Indu Ikit aiU more imporunt ^attt the imrMineim
III countries that were politically mdrpendeni *t\d Mime ol' which %%-rrr
highly developed, such as the United Stales The American railntads. I'or
I nuance, were buih to a giral extent v^tth the aid t»( l-.untpcjn capital
imr^tments in the United Stalo. ( anada. Mnd Amiralu urtr diffrrmt fntin
inve«tinent\ in cither forrtgn countrie* brcau»c tho«e three iinintno wwe
not "backward" in the «en«e tliat thes* lacked the buunesi* mentality Ihevr
imrsiments had a very different hwrnry bee au%e they %krrr rrallv u»ed
HI the best pcmsible %vay. Mnd ako because ihes- urrr bier conipletelv
paid back In the IHfifK uui 1K7(K tme of the nunt important imrMineni
opponuniites f(»r hurtipeam was to imrM in the United Suio
( apiial imr%fment in a counirv- meam. of courte. what t% tailed an
unfastiraMe balame t^ trade "The United Staiet imported capital in tlte
nineteenth centur>- Iherrforr. in the nmeiernih centurv- there wa» in
exceia. by and large, of imports to the Umted Suirs mrr exports (rum the
United Statet Hut then fntm the last deiade of the nineteenth centurv an.
(he United Stato began to pay back the imrumetitt the l-.unipcaiu had
made Ihen there wa% *n e«cew of exports mn tmpiHU. the baiaiue ol
trade became, therrlore. "actisr** The chllemKc wj» paid hu b\ the
purchases by US cttifem of American %harr% itu\ bttnch that Ixiorr had
been sold to Europeam Thn umt on until after World War I 1 he United
States then became the greatest mcMtes* lender and imrttcM in the \sxjrld
The capital fmm Europe, and bter fttwi Nonh America, that came
to these countries made it pos\ible fcH Eunipean and Nonh American
countries to expand their economic ^wem* t>nc rrwult ol thcie lorcign
iinr^mients was that certam branches o( pmduction xsrrr desriopcd in
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