Affirmative globalization studies stress positive aspects of global capitalism, while critical globalization studies use notions such as "Empire" and "new imperialism" to analyze the global economy's negativity. Critical globalization studies, however, frequently lack a precise theoretical notion of imperialism. This absence can be corrected by connecting the notion of a "new imperialism" to the classical theory of imperialism, as found in Lenin's canonical work. Empirical analysis of data from recent decades shows that Lenin's aspproach remains broadly correct, and that adaptation (...) of his method to new realities strengthens the theoretical foundation of recent work on global capitalism. (shrink)