Maoism (Third Worldism) is a controversial yet growing trend of Marxist political economy. It contends a vast majority of workers in imperialist centers, through the machinations of capital accumulation and historically ingrained forms of oppression (from which they benefit), receive wages which are above the monetary rate of labor value. These First World workers are, in effect, net-exploiters who, due to their social and geographic proximity to monopoly capital, exist in a parasitical relationship with a largely Third World proletariat.
Maoism (Third Worldism) also refers to a specific trajectory of political activism.
Firstly. ‘Third Worldism’ implies the rejection of and struggle against hegemonic First Worldism in nominally revolutionary movements. The struggle against reformism, economism, and First Worldism (i.e., a chauvinistic or slavish line regarding the First World) is a point of unity for all Third Worldists.
Secondly, Maoism (Third Worldism) is communism-as-communism. That is, there is very little that is remarkable new about Maoism (Third Worldism). Maoism (Third Worldism) is not a new, fourth stage of communism. Instead, Maoism (Third Worldism) is the partial systematization of the most revolutionary theoretical and practical traditions within the history of communist movements along with their application to the various political terrains of the present.