Table of Contents
What did John A Hobson believe?
Hobson believed “colonial primitive peoples” were inferior, writing in Imperialism he advocated their “gradual elimination” by an international organization: “A rational stirpiculture in the wide social interest might, however, require a repression of the spread of degenerate or unprogressive races”.
What is meant by Hobson Lenin thesis?
The “Hobson-Lenin Thesis”: Inequality, Imperialism, and the First World War In a small section in his new book, Branko Milanovic argues that the First World War was ultimately caused by income & wealth inequality within the belligerent countries, resurrecting ideas from John A. …
What were the causes of imperialism according to Hobson?
Well, Hobson argued in his book Imperialism (1902) that capital which could not find lucrative investment opportunities at home, due to over-saving/under-consumption, sought outlets abroad, and it was these sectional interests that drove imperial expansion forward.
When was JA Hobson born?
July 6, 1858
J. A. Hobson/Date of birth
Did JA Hobson agree with imperialism?
As a political scientist, J.A. Hobson said that imperialism was an economic, political, and cultural practice common to nations with a capitalist economic system.
Who wrote Imperialism the Highest Stage of Capitalism?
Vladimir Lenin
Imperialism, the Highest Stage of Capitalism/Authors
published by Lenin in 1917, Imperialism, the Highest Stage of Capitalism. Despite many similarities, at bottom there is a wide gulf between Hobson’s and Lenin’s frameworks of analysis and also between their respective conclusions.
Is the really a Hobson Lenin thesis?
the Hobson-Lenin thesis was based on a gross factual error. 3 Fieldhouse’s essay helped to open the way for scholars to stress not the economics but the politics of the period I870-I900-either in Europe, or in the tropics themselves, or in both regions-as the primary cause of the growth of formal empires.
Who said Imperialism is the highest stage of capitalism?
Lenin’s
Lenin’s famous summary of his views is Imperialism: The Highest Stage of Capitalism (1917). Marx said that capitalism, driven by its three laws, would come to revolutionary crisis and suffer internal class revolt, paving the way for the transition to socialism.
Who said imperialism is the highest stage of capitalism?
What is the underconsumption theory?
Underconsumption is an economic theory referring to recession and stagnation. In this theory, inadequate consumer demand in relation to the production of a particular good or service results in underconsumption.
Who wrote on underconsumption and over saving as an important feature of capitalism?
20th century – pre-Keynes An underconsumption theory of the economic cycle was given by John A. Hobson in his Industrial System (1910).
What did John Hobson say about imperialism?
Hobson states that what he called the “taproot of imperialism” is not in nationalist pride, but in capitalist oligarchy; and, as a form of economic organization, imperialism is unnecessary and immoral, the result of the mis-distribution of wealth in a capitalist society.