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Imperialism, the Highest Stage of Capitalism (1916), by Vladimir Lenin, describes the relationship between capitalism and imperialism, wherein the merging of banks and industrial cartels produces finance capital. The final, imperialist stage of capitalism, originates in the financial function of generating greater profits than the home market can yield; thus, business exports (excess) capital, which, in due course, leads to the economic division of the world among international business monopolies, and imperial European states colonising large portions of the world to generate investment profits. Imperialism, thus, is an advanced stage of capitalism based upon monopoly and the export of capital — not goods, and of which colonialism is one but one feature (Bowles 2007).
The super-profits that colonial exploitation yields, permit business to bribe politicians — labour leaders and the labour aristocracy (upper stratum of the working class) — to politically thwart the risk of worker revolt in the capitalist homeland; thus, the new proletariat (working class) are the exploited workers in the Third World colonies of the European powers.
In Lenin’s developing Marxism for Russian application, Imperialism, the Highest Stage of Capitalism (1916) explains a development which Marx predicted: capitalism’s becoming a global system wherein advanced capitalist industrial nations export financial capital to colonial countries to exploit their resources and labour. This superexploitation of poorer countries allows the capitalist countries to maintain some homeland workers politically content with a slightly-higher standard of living, and so ensure peaceful labour-capital relations, (cf. labor aristocracy, globalization). Hence, a proletarian revolution could not occur in the developed capitalist countries while the imperialist global system was intact; thus an under-developed country would feature the first proletarian revolution, and Imperial Russia was the weakest country in the capitalist global system. In the early twentieth century, Russia’s economy was primarily agrarian, effected with peasant and animal labour; under-developed when compared to industrialized Western Europe and North America.
Originally posted by Misoir
Please correct me if I am wrong, but does that sound eerily familiar to our current situation? I am not a communist and definitly not a follower of Vladimir Lenin, but I could not help but read it and immediately think of our current economic situation when analyzed in depth.
Originally posted by belial259
Yes he and Marx were right. But corruption destroyed their system just as it has destroyed ours. It was no more able to function in the real world than ours was.
They deal with such grand ideas. Means of distribution, free markets but they never took into account the total lack of moral fortitude the average man has.
In it's purest form, both communism and capitalism work very well. In reality though both systems become corrupt an ineffective because of party politics.
Maybe we'd have a better chance of seeing these social models work if we could take the party out of politics.