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| Author | J.A. Hobson |
|---|---|
| Language | English |
Publication date | 1902 |
| Publication place | United Kingdom |
| OCLC | 63269928 |
| Part of a series about |
| Imperialism studies |
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Imperialism: A Study (1902), by John A. Hobson, is a politico-economic discourse about the negative financial, economic, and moral aspects of imperialism as a nationalistic business enterprise. Hobson argues that capitalist business activity brought about imperialism. [1]
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. He argues that the so-called dysfunction of the political economy created the socio-cultural desire to extend the national markets into foreign lands, in search of profits greater than those available in the Mother Country. In the capitalist economy, rich capitalists received a disproportionately higher income than did the working class. He argues that if the owners invested their incomes to their factories, the greatly increased productive capacity would exceed the growth in demand for the products and services of said factories.
When productive capacity grew faster than consumer demand, there was very soon an excess of this capacity (relative to consumer demand), and, hence, there were few profitable domestic investment outlets. Foreign investment was the only answer. But, insofar as the same problem existed in every industrialized capitalist country, such foreign investment was possible only if non-capitalist countries could be "civilized", "Christianized", and "uplifted"—that is, if their traditional institutions could be forcefully destroyed, and the people coercively brought under the domain of the "invisible hand" of market capitalism. So, imperialism was the only answer. [2]
— E.K. Hunt, History of Economic Thought, 2nd ed. page 355.
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. Because of its innate productive capacity for generating profits, capitalism did not functionally require a large-scale, large-term, and costly socio-economic enterprise such as imperialism. A capitalist society could avoid resorting to imperialism through the radical re-distribution of the national economic resources among the society, and so increase the economic-consumption power of every citizen. After said economic adjustments, a capitalist nation did not require opening new foreign markets, and so could profitably direct the production and consumption of goods and services to the in-country markets, because "the home markets are capable of indefinite expansion . . . provided that the 'income', or power to demand commodities, is properly distributed." [3]
Imperialism: A Study (1902) established Hobson's international reputation in political science. His geopolitical propositions influenced the work of prominent figures such as Nikolai Bukharin, Vladimir Lenin, and Hannah Arendt. The book was one of the most influential books of the 20th century. [4]
In particular, Lenin drew much from Imperialism: A Study to support and substantiate Imperialism, the Highest Stage of Capitalism (1916), which then was a contemporary, war-time analysis of the geopolitical crises of the imperial empires of Europe that culminated in the First World War (1914–1918). Lenin said that Karl Kautsky had taken the idea of ultra-imperialism from the work of J.A. Hobson, and that:
Ultra-imperialism, or super-imperialism, [was] what Hobson, thirteen years earlier, [had] described as inter-imperialism. Except for coining a new and clever catch-word, replacing one Latin prefix by another, the only progress [that] Kautsky has made, in the sphere of 'scientific' thought, is that he gave out, as Marxism, what Hobson, in effect, [had] described as the cant of English parsons. [5]
Moreover, Lenin ideologically disagreed with Hobson’s opinion that capitalism, as an economic system, could be separated from imperialism; instead, he proposed that, because of the economic competitions that had provoked the First World War, capitalism had come to its end as a functional socio-economic system, and that it would be replaced by pacifist socialism, in order for imperialism to end. [6] Nevertheless, Hobson's influence in Lenin's writings became orthodoxy for all Marxist historians. [7]
Hobson was also influential in liberal circles, especially the British Liberal Party. [8] Hobson's theory of Imperialism has had many critics. Contemporary historian D. K. Fieldhouse, for example, argues that the arguments used are ultimately superficial. Fieldhouse says that the "obvious driving force of British expansion since 1870" came from explorers, missionaries, engineers, and empire-minded politicians. They had little interest in financial investments. Hobson's answer would be to say that faceless financiers manipulated everyone else, so that "The final determination rests with the financial power." [9] Lenin believed that capitalism was in its last stages and had been taken over by monopolists. They were no longer dynamic and sought to maintain profits by even more intensive exploitation of protected markets. Fieldhouse rejects these arguments as unfounded speculation. [10] [11]
Historians Peter Duignan and Lewis H. Gann argue that Hobson had an enormous influence in the early 20th century among people from all over the world:
After 1950, Hobson's technical interpretations came under sharp criticism by scholars. His contention that economics underpinned imperialism was attacked by the historians John Gallagher and Ronald Robinson in their 1953 article "The Imperialism of Free Trade" which argued that strategic considerations and geopolitics underpinned European expansion in the 19th century.
Hobson's writings on the Second Boer War, particularly in The War in South Africa: Its Causes and Effects, attribute the war partly to Jewish influence, including references to Rothschild bankers. [13] [14] [15] While Imperialism does not contain the "violent anti-Jewish crudities" of his earlier writing, it does contain an allusion to the power and influence of Jewish financiers, saying that finance was controlled "by men of a single and peculiar race, who have behind them many centuries of financial experience" and "are in a unique position to control the policy of nations". [16] [17] [18] According to Norman Etherington, this section on financiers seems irrelevant to Hobson's economic discourse, and was probably included since Hobson truly believed it. [19] According to Hugh Stretton:
A final attraction of Hobson's explanation of imperialism was its deft choice of scape- goats.... The ideal scapegoats should be few, foreign connected, readily recognizable and already disliked. [16] [20]
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". [21] [22] While it can be said the 1902 work reflected the Social Darwinism trend of the time, Hobson left this section mainly unchanged when he published the third edition in 1938. [23] The British Labour Party leader Jeremy Corbyn wrote a foreword for the 2011 edition, calling Hobson's "analysis of the pressures that were hard at work in pushing for a vast national effort in grabbing new outposts of Empire on distant islands and shores" brilliant. [24] In a strongly worded letter, the Board of Deputies of British Jews expressed “grave concerns” about the emergence of the foreword. Corbyn stated that he did not endorse anti-semitism, saying this was a "mischievous representation". [25] [26] [27]
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, price systems, private property, property rights recognition, self-interest, economic freedom, meritocracy, work ethic, consumer sovereignty, profit motive, entrepreneurship, commodification, voluntary exchange, wage labor, sustenance and the production of commodities. In a market economy, decision-making and investments are determined by owners of wealth, property, or ability to maneuver capital or production ability in capital and financial markets—whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets.
Imperialism is the practice, theory or attitude of maintaining or extending power over foreign nations, particularly through expansionism, employing both hard power and soft power. Imperialism focuses on establishing or maintaining hegemony and a more or less formal empire. While related to the concepts of colonialism, imperialism is a distinct concept that can apply to other forms of expansion and many forms of government.
Leninism is a political ideology developed by Russian Marxist revolutionary Vladimir Lenin that proposes the establishment of the dictatorship of the proletariat led by a revolutionary vanguard party as the political prelude to the establishment of communism. Lenin's ideological contributions to the Marxist ideology relate to his theories on the party, imperialism, the state, and revolution. The function of the Leninist vanguard party is to provide the working classes with the political consciousness and revolutionary leadership necessary to depose capitalism.
State capitalism is an economic system in which the state undertakes business and commercial economic activity and where the means of production are nationalized as state-owned enterprises. The definition can also include the state dominance of corporatized government agencies or of public companies in which the state has controlling shares.
John Atkinson Hobson was an English economist and social scientist. Hobson is best known for his writing on imperialism, which influenced Vladimir Lenin, and his theory of underconsumption.
Bolshevism is a revolutionary socialist current of Soviet Leninist and later Marxist–Leninist political thought and political regime associated with the formation of a rigidly centralized, cohesive and disciplined party of social revolution, focused on overthrowing the existing capitalist state system, seizing power and establishing the "dictatorship of the proletariat".
A theory of capitalism describes the essential features of capitalism and how it functions. The history of various such theories is the subject of this article.
The theory of state monopoly capitalism was initially a Marxist thesis popularised after World War II. Lenin had claimed in 1916 that World War I had transformed laissez-faire capitalism into monopoly capitalism, but he did not publish any extensive theory about the topic. The term refers to an environment where the state intervenes in the economy to protect larger monopolistic or oligopolistic businesses from threats. As conceived by Lenin in his pamphlet of the same name, the theory aims to describe the final historical stage of capitalism, of which he believed the Imperialism of that time to be the highest expression.
Criticism of capitalism is a critique of political economy that involves the rejection of, or dissatisfaction with the economic system of capitalism and its outcomes. Criticisms typically range from expressing disagreement with particular aspects or outcomes of capitalism to rejecting the principles of the capitalist system in its entirety.
Ultra-imperialism is a potential, comparatively peaceful phase of capitalism, meaning after or beyond imperialism. It was described mainly by Karl Kautsky. Post-imperialism is sometimes used as a synonym of ultra-imperialism, although it can have distinct meanings.
James Petras is a retired Bartle Professor (Emeritus) of Sociology at Binghamton University in Binghamton, New York and adjunct professor at Saint Mary's University, Halifax, Nova Scotia, Canada who has published on political issues with particular focus on Latin America and the Middle East, imperialism, globalization, and leftist social movements.
The historiography of the British Empire refers to the studies, sources, critical methods and interpretations used by scholars to develop a history of the British Empire. Historians and their ideas are the main focus here; specific lands and historical dates and episodes are covered in the article on the British Empire. Scholars have long studied the Empire, looking at the causes for its formation, its relations to the French and other empires, and the kinds of people who became imperialists or anti-imperialists, together with their mindsets. The history of the breakdown of the Empire has attracted scholars of the histories of the United States, the British Raj, and the African colonies. John Darwin (2013) identifies four imperial goals: colonising, civilising, converting, and commerce.
Before the perestroika Soviet era reforms of Gorbachev that promoted a more liberal form of socialism, the formal ideology of the Communist Party of the Soviet Union (CPSU) was Marxism–Leninism, a form of socialism consisting of a centralised command economy with a vanguardist one-party state that aimed to realize the dictatorship of the proletariat. The Soviet Union's ideological commitment to achieving communism included the national communist development of socialism in one country and peaceful coexistence with capitalist countries while engaging in anti-imperialism to defend the international proletariat, combat the predominant prevailing global system of capitalism and promote the goals of Russian Communism. The state ideology of the Soviet Union—and thus Marxism–Leninism—derived and developed from the theories, policies, and political praxis of Marx, Engels, Lenin, and Stalin.
Uneven and combined development, unequal and combined development, or uneven development is a concept in Marxian political economy intended to describe dynamics of human history involving the interaction of capitalist laws of motion and starting world market conditions whose national units are highly heterogeneous. The concept is used by Marxist scholars concerned with economic development. David Harvey is an advocate of the usefulness of this theory to reconstruct historical materialism on Modern terms. It is an accepted key concept in academic economic geography.
David Kenneth Fieldhouse, FBA was an English historian of the British Empire. Fieldhouse was born to missionary parents in Mussoorie, northern India. He was sent to England for his education at Dean Close School, Cheltenham, from 1938 to 1943. Fieldhouse then completed naval service, before reading history at The Queen's College, Oxford.
Imperialism, the Highest Stage of Capitalism, originally published as Imperialism, the Newest Stage of Capitalism, is a book written by Vladimir Lenin in 1916 and published in 1917. It describes the formation of oligopoly, by the interlacing of bank and industrial capital, in order to create a financial oligarchy, and explains the function of financial capital in generating profits from the exploitation colonialism inherent to imperialism, as the final stage of capitalism. The essay synthesises Lenin's developments of Karl Marx's theories of political economy in Das Kapital (1867).
Anti-imperialism in political science and international relations is opposition to imperialism or neocolonialism. Anti-imperialist sentiment typically manifests as a political principle in independence struggles against intervention or influence from a global superpower, as well as in opposition to colonial rule. Anti-imperialism can also arise from a specific economic theory, such as in the Leninist interpretation of imperialism, which is derived from Lenin's 1917 work Imperialism, the Highest Stage of Capitalism. People who categorize themselves as anti-imperialists often state that they are opposed to colonialism, colonial empires, hegemony, imperialism and the territorial expansion of a country beyond its established borders.
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Theories of imperialism are a range of theoretical approaches to understanding the expansion of capitalism into new areas, the unequal development of different countries, and economic systems that may lead to the dominance of some countries over others. These theories are considered distinct from other uses of the word imperialism which refer to the general tendency for empires throughout history to seek power and territorial expansion. The theory of imperialism is often associated with Marxist economics, but many theories were developed by non-Marxists. Most theories of imperialism, with the notable exception of ultra-imperialism, hold that imperialist exploitation leads to warfare, colonization, and international inequality.
Geopolitical economy is a contemporary Marxist approach to understanding the capitalist world historically. It was proposed by Radhika Desai in her Geopolitical Economy: After US Hegemony, Globalization and Empire as a critique of contemporary mainstream theories of International political economy (IPE) and International relations (IR). Geopolitical economy's critique rests on a rejection of orthodox views of the world economy as a seamless whole, united either by markets or by a single leading state, as in free market, free trade "globalization" and "hegemony" theories respectively. Instead, geopolitical economy emphasizes the interplay of political entities, namely, states, in the development of capitalism by going back to classical political economy and to the Marxist theories of imperialism, which geopolitical economy argues should be considered the first theories of international relations.
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