Assertion: imperialism | /r/HasProperty | a phase of capitalism
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text: Walter Rodney, in his 1972 classic How Europe Underdeveloped Africa, proposes the idea that imperialism is a phase of capitalism "in which Western European capitalist countries, the US, and Japan established political, economic, military and cultural hegemony over other parts of the world which were initially at a lower level and therefore could not resist domination.