In a robust defence of his arguments, John Smith continues to challenge David Harvey’s understanding of global capitalism and imperialism. Many important changes have shaken the world in the last thirty years, but imperialist Europe and North America continue to drain wealth from Latin America and Africa, as well as from parts of Asia. Yet China’s growing challenge to imperialist domination and the spread of global capitalist depression means that we no longer live in a post-World War II world, we live in a pre-World War III world. Harvey’s compass on these developments remains profoundly faulty.