1870s were recorded as the opening of the age of imperialism. For the following some 40 years, colonialism accompanied by iron and blood policy pervaded the world until 75% of the world became colony of certain imperialist countries. This paper focuse...
1870s were recorded as the opening of the age of imperialism. For the following some 40 years, colonialism accompanied by iron and blood policy pervaded the world until 75% of the world became colony of certain imperialist countries. This paper focuses on that period and concentrates on the aspect of the export of capital as the reason for the imperialist expansion. To do that job, I summarize and criticize the fortes and foibles of the theories of some prominent Marxists in that period, such as Kautsky(ultra-imperialism), Hilferding(theory of finance capital), Bukharin(theory of the state capitalist trust) and, finally, Lenin(interprectation of imperialism as the highest stage of capitalism).