Lenin’s theory of imperialism

tags : [[capitalism]]

Lenin stated his concept of [[imperialism]] in Imperialism: The Highest Stage of Capitalism. Lenin believed that there were five characterstics of imperialism:

1. Concentration of production and capital has created monopolies which play a decisive role in economic life
2. Merging of bank capital with [[industrial capital]], to create an oligarchy of [[finance capital]]
3. Importance of export of capital as distinguished from export of commodities
4. Formation of international monopolist capitalist organizations
5. Territorial division of the whole world among the biggest capitalist powers

Lenin’s theory of imperialism was contrasted and in response to [[Kautsky]]’s theory.