Tuesday, December 9, 2008

Imperialism, the Highest Stage of Capitalism...

Speaking of socialism... this is from the Leninism page on Wikipedia:

Lenin advanced the view that imperialism is the highest stage of the capitalist economic system...explaining a phenomenon which Marx predicted: the shift of capitalism towards becoming a global system (hence the slogan "Workers of the world, unite!"). At the core of this theory of imperialism lies the idea that advanced capitalist industrial nations increasingly come to export capital to captive colonial countries. They then exploit those colonies for their resources and investment opportunities. This superexploitation of poorer countries allows the advanced capitalist industrial nations to keep at least some of their own workers content, by providing them with slightly higher living standards. — Vladimir Lenin, 1916

http://en.wikipedia.org/wiki/Leninism

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