Imperialism the Highest Stage of Capitalism
Did Vladimir Lenin Predict The Banking Disaster Of 2008?
"Imperialism the Highest Stage of Capitalism"
By V. I. Lenin
The epoch of imperialism opens when the expansion of colonialism has covered the globe and no new colonies can be acquired by the great powers except by taking them from each other, and the concentration of capital has grown to a point where finance capital becomes dominant over industrial capital. Lenin enumerated the following five features characteristic of the epoch of imperialism. Ref. Source 1
"Imperialism is an institution under which one nation asserts the right to seize the land or at least to control the government or resources of another people".
--John T. Flynn