notes 10-22-07 - Notes Overview 1 Theories of imperialism 2...

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Notes 10-22-07 Overview 1. Theories of imperialism 2. Imperialism in the Congo 3. Lessons from the Congo 4. Theory and data 5. Logistics 1. Theories of imperialism Hobbson focused on economic causes of imperialism He was interested how domestic economic systems can generate imperialistic outcomes. In capitalistic societies, it is natural for wealth to get concentrated for a small group of people. Capitalists who own factories and businesses will keep producing, but there will be less people to purchase the products. There will be a falling rate of profit at home. As a result, investors have to look at foreign markets. Investors will then pressure the government to engage in imperialistic foreign policy so they may have a new market. Lenin, in 1916 agrees with Hobbson that capitalism causes imperialism. He adds that capitalism inevitably causes imperialism. He also adds that imperialism is not a sustainable policy and thus capitalism contains the seeds of it's own destruction.
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