Rent, mining and British imperialism

Higginbottom, Andrew (2008) Rent, mining and British imperialism. In: Many Marxisms : Historical Materialism Annual Conference 2008; 07 - 09 Nov 2008, London, U.K.. (Unpublished)

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This paper argues that the Marxist conception of rent is fundamental to analysing the role of multinational corporations in the extractive industries, specifically their ability to capture super-profits. The capacity of corporations to capture rents from natural resources depends on military-political power relations. Historically, Britain has benefited from super-profits drawn from the Gulf region and southern Africa. The paper will theorise the current investment boom by mining corporations in the Andean region, and its counterpart movement of mining corporations re-establishing their position alongside oil corporations, the banks and finance corporations at the core of the British ruling class. Finally, the paper reconsiders Lenin’s conception of imperialist countries as rent societies, concluding that Britain’s domestic as well as international relations are underpinned by parasitic, monopoly forms of rent extraction.

Item Type: Conference or Workshop Item (Paper)
Event Title: Many Marxisms : Historical Materialism Annual Conference 2008
Research Area: Politics and international studies
Faculty, School or Research Centre: Faculty of Arts and Social Sciences (until 2017)
Depositing User: Andrew Higginbottom
Date Deposited: 23 Mar 2017 15:39
Last Modified: 23 Mar 2017 15:39

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