If our world was impartial and equitable this book would be essential in every economic university and speciality as one of the first and basic books in a course of economic science. In fact, what the floodwaters have revealed is the opposite—the imperial project has accelerated the destruction of American working-class dreams. I recommend it to people thinking about capitalism now - in my opinion the ideas it talks about are absolutely essential. These tensions, sooner or later, build to enormous proportions, and break out into open military conflict.
Welcome back. Towards the end of Imperialism, Lenin argues that the material basis for the socialist movement’s capitulation (or what Lenin called “opportunism”) lay in the “super-profits” of imperialism. Directly involving millions of people in politics necessarily means gambling with revolution. Why did socialist leaders in Europe, who had before the First World War spoken out against it, become allied with their “own” ruling classes once the war broke out? Much work has been done in this magazine and elsewhere to build, on the foundation provided by Lenin, an analysis of imperialism since the Cold War. When a loan is to be granted to one or the other country, the government, basing itself on military power, secures the highest possible rate of interest for its nationals, guarantees obligatory orders, stipulates concessions, struggles against foreign competitors. Incredible work about how capitalism made its own contradictions due to free market giving as consequence a new stage of economy: Imperialism. Vladimir Lenin describes with simple examples the essense of uncontrollable capitalism and why it never ends good. Lenin identifies the phase of imperialism as starting in the late 1800's and continuing to present day (the time of this writing being 1916). The occupation of Iraq has less to do with American SUVs, and more to do with controlling competitors who do rely on that oil, such as China. He also deals with the revisionist and apologetic views on imperialism held by social-democrats like Kautsky and by numerous bourgeois economists. It is true, however, that the labor bureaucracy, the professional mediators who stand between the workers and their bosses, do have a material stake in capitalism. 17 Lenin, Opportunism and the Collapse of the Second International, January 1916, available online at http://www.marxists.org/archive/lenin/works/1916/jan/x02.htm.Imperialism…creates the economic possibility of corrupting the upper strata of the proletariat, and thereby fosters, gives form to, and strengthens opportunism.
no matter what form they may assume, whether of one imperialist coalition against another, or of a general alliance embracing all the imperialist powers, are inevitably nothing more than a “truce” in periods between wars. It's certainly stood the test of time, almost tragically. A small stratum of the working class within the dominant nations is “bought-off” by the spoils of war, he argues, and therefore is prevented from truly opposing the goals of empire.
The significance of this centralization is two-fold: first, there can be no return to the “good old days” of small-scale production and “free competition.” Centralization is a consequence of the anarchy of market competition, and of the boom-slump cycle that drives some businesses to the wall, forcing them to close up shop, or to be bought on the cheap by a larger rival.
But soon there was a problem.
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