ABSTRACT
In this chapter we criticize contemporary theorizing about imperialism for its economic reductionism and a lack of class analysis and institutional specificity regarding the imperial state. In the context of this argument we establish the importance of class analysis for grasping the changing dynamics of imperial power before proceeding to argue how specific alignments of class forces in the world economy, in their interactions with existing imperial power configurations, are leading to a realignment of economic power in the world capitalist system that constitutes a major challenge for US imperialism in its Latin American operations. In the final section of the chapter we point to the discontinuities and continuities in US imperial relations with Latin America, and the potentialities and constraints of these relations on economic growth and development.
