Imperialism in the modern era, as course of fact, is a stage in capitalist development. When markets are fully saturated domestically, capital expands outward. Once industrial and bank capital grow, they merge and dominate the entire economy, resulting in the dominance of finance capital in the economy and an export of capital, rather than commodities. This is how the west plunders the world in the modern era, and what Russia cannot do.

So…what do you call BRICS, then? Just because the Imperialism is currently less influential than its competition, doesn’t stop it from being Imperialism.