tags :: Rudolf Hilferdingsocial democracymonopoly capital

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Rudolf Hilfdering was one of the first Marxists to come up with a theory of monopoly capital

Was involved with the German German Social Democratic Partyalong with Karl Kautskyand Rosa Luxemburg

Served as German finance minister while SPD was in power

Leninand Bukharinlearned their conception of imperialism(expansion of monopoly capital) through Hilferding

Hilferding though that centers of capital could be brought under control, a mistake modern socialists make as well

• Trouble with this is that capital has to valorize, it's not just a matter of changing who's in charge

• This is a harder problem to solve than it appears