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Lenin's Theory of Imperialism
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Lenin's Theory of Imperialism
References
Bagchi, Amiya Kumar. "Towards a Correct Reading of Lenin's Theory of Imperialism." Economic and Political Weekly 18.31 (1983): PE2-PE12.
Etherington, Norman. "Reconsidering Theories of Imperialism." History and Theory 21.1 (1982): 1-36.
Lenin, Vladimir. Imperialism: The Highest Stage of Capitalism. 1917.
Mcdonough, Terrence. "Lenin, Imperialism, and the Stages of Capitalist Development." Science & Society 59.3 (1995): 339-367.
Meldolesi, L. "The Debate on Imperialism Just before Lenin." Economic and Political Weekly 19.42/43 (1984): 1833-1839.
Patnaik, Prabhat. "Globalization of Capital and the Theory of Imperialism." Social Scientist 24.11/12 (1996): 5-17.
Patnaik, Prabhat. "Notes on Contemporary Imperialism." Monthly Review (2012).
Smith, David G. "Lenin's "Imperialism": A Study in the Unity of Theory and Practice ." The Journal of Politics 17.4 (1955): 546-569.
Territorial Division of the World
Territorial division of the world is complete.
Repartition of the territories is impossible.
Resulting in actual or potential conflicts. Wars inevitable in higher stage of capitalism.
Division of the World under Cartels
International Cartels - Super monopoly
Agreements lead to division of the world, to prevent competitions and fore peaceful mutual co-existence.
Export of Capital
Divisions based on proportional capital and strength.
For Lenin, divisions don't offer peace, but show the object of the conflict - class struggle.
Export of goods
Export of capitals
Labour power itself becomes a commodity in higher stages of capitalism
Bukharin's argument
Financial Oligarchy
Concentration of production
Rise of monopolies
Merging of banks with industry
Age of Monopolies
Holding System
Concentration of Production
Supremacy of finance capital
Monopoly
Predominance of rentiers and financial oligarchs
(Through combinations and cartels)
Principle stages in the history of Monopoly capitalism
Hilferding on 'Combinations'
1. 1860s - 70s
1. Level out fluctuations of trade, thus ensuring stable rate of profit.
(Apex of development of free competition. Monopoly at an embryonic stage.)
2. Effect of eliminating trade.
2. Post-1873
(Lengthy period of development of cartels. Still a transitory phase.)
3. Effect of rendering possible technical improvements and therefore, acquisition of super-profits over and above 'pure' enterprises.
3. 1900s - 03
Boom and crisis
(Cartels become the foundation of economic life. Capitalism becomes imperialism.)
4. Strengthens positions of combined enterprises (in terms of competition).
Contradiction within capitalism
5 Point Definition of Imperialism