This article presents a historical and analytical exploration of cultural imperialism, critically examining its impacts and consequences. Drawing on Western primary sources from the 1960s to the early 2000s, the authors incorporate key literature from the peak period of cultural imperialism debates. The article traces the formation and development of cultural imperialism from its roots in colonialism, through its systematization by Herbert Schiller, to its contemporary manifestations in a globalized world. It also explores the significance of cultural imperialism in today’s world, referencing literature from the 2010s and 2020s. The Marxist perspective on the free flow of information between cultures is emphasized, highlighting said flow’s inherently unequal and economically unfair conditions from the outset. This critical approach allows for an evaluation of both positive and negative views on cultural imperialism studies, revealing contradictions and encouraging dialogue on potential solutions or transformations. The intense reaction to the famous MacBride report of 1980 has demonstrated that the problems of cultural relations are primarily driven by economic factors; without addressing these economic issues, cultural problems cannot be resolved. The concluding section of the article highlights that the economic rise of Third World countries has also led to a significant flow of cultural products from these regions. The article aims to stimulate further research in cultural studies and promote a deeper understanding of the dynamics of cultural processes in the contemporary world.