Imperialism in Context

Abstract

This article examines the political economy of French imperialism from a critical Marxist perspective. It demonstrates how France has maintained a major role on the international scene, especially militarily, despite experiencing a relative decline in world economic power since the 1990s. In this regard, three features have marked the French imperial project: (1) the core role of state institutions and corporate elites in making French capitalism, and the protracted closeness of the state-capital nexus; (2) the strength of militarism in economic, political, and social realms; and (3) the consolidation of rentier interests not only in the corporate power bloc, but also at a political level. Over the past century, these three dynamics have underpinned and reinforced a particular project of empire in France – one that bears relevance to current debates on globalisation and the ‘new imperialism’. By examining these issues, this paper seeks to further develop the Marxist theory of international political economy.