Submission of the CLU to the WAP Conference in Nairobi
Global capitalism has entered a phase of intensified inter-imperialist rivalry, economic crisis, and militarism. The relative decline of U.S. hegemony, rise of competitors (China, Russia as emerging imperialist or sub-imperialist powers), and multipolarity do not end exploitation but sharpen contradictions. The proletariat and oppressed nations must lead an internationalist struggle for socialism. Analysis: Africa’s position: Neo-colonies supplying raw materials while importing finished goods causes vulnerability to currency dominance and commodity price volatility. The continued presence of Imperialist powers in Africa
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