tags : [[Rudolf Hilferding]] [[social democracy]] [[monopoly capital]]
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 Party]] along with [[Karl Kautsky]] and [[Rosa Luxemburg]]
Served as German finance minister while SPD was in power
[[Lenin]] and [[Bukharin]] learned 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