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Lenin's socio-political analysis of empire as the ultimate stage of capitalism derived from Imperialism: A Study (1902) by John A. Hobson, an English economist, and Finance Capital (Das Finanzcapital, 1910) by Rudolf Hilferding, an Austrian Marxist, whose syntheses Lenin applied to the geopolitical circumstances of the First World War, caused ...
Influenced by the events of the First World War, Lenin wrote the book Imperialism, the Highest Stage of Capitalism. He argued that imperialism was a product of monopoly capitalism, as capitalists sought to increase their profits by extending into new territories where wages were lower and raw materials cheaper. He also criticised Kautsky's view ...
Selected works by Vladimir Lenin. The Development of Capitalism in Russia, 1899. What Is To Be Done? Burning Questions of Our Movement, 1902. The Three Sources and Three Component Parts of Marxism, 1913. The Right of Nations to Self-Determination, 1914. Imperialism, the Highest Stage of Capitalism, 1917. The State and Revolution, 1917.
Lenin separated patriotism into what he defined as proletarian, socialist patriotism from bourgeois nationalism. [5] Lenin promoted the right of all nations to self-determination and the right to unity of all workers within nations; however, he also condemned chauvinism and claimed there were both justified and unjustified feelings of national ...
Between the publication of Lenin's Imperialism in 1916 and Paul Sweezy's The Theory of Capitalist Development in 1942 and Paul A. Baran's Political Economy of Growth in 1957, there was a notable lack of development in the Marxist theory of imperialism, best explained by the elevation of Lenin's work to the status of Marxist orthodoxy. Like ...
According to Lenin, imperialism was a specific stage of development of capitalism; a stage he referred to as state monopoly capitalism. [26] The Marxist movement was split on how to solve capitalism's resurgence and revitalisation after the great depression of the late-19th century. [27]
They funded not only communist groups in Europe but also those active in various parts of Asia, including Korea, China, India, and Persia. [252] In late 1918, the British Labour Party called for the establishment of an international conference of socialist parties, the Labour and Socialist International. [253]
To debunk patriotism and national chauvinism, Lenin explained in the essay Imperialism, the Highest Stage of Capitalism (1917) that capitalist economic expansion leads to colonial imperialism which is then regulated with nationalist wars such as the Great War among the empires of Europe.