All Exams Test series for 1 year @ ₹349 only
Question

'Imperialism is the highest stage of capitalism'. Whose statement is this?

The correct answer is V. I. Lenin

Understanding the Statement: Imperialism and Capitalism

The question asks about the origin of the famous statement, 'Imperialism is the highest stage of capitalism'. This quote is a significant concept in Marxist theory, particularly regarding the late stage of capitalist development.

Analyzing the Statement's Author

The statement posits a direct relationship between imperialism – the policy or ideology of extending a country's rule over foreign nations, often by military force or gaining political and economic control – and the advanced stage of capitalism. This idea was elaborated upon in detail by a prominent figure in the development of communist thought and revolutionary practice.

Let's look at the options provided:

  • V. I. Lenin
  • Joseph Stalin
  • Karl Marx
  • Georg Lukacs

The concept that imperialism represents the final and most predatory stage of capitalism, driven by the need for new markets, raw materials, and avenues for capital export due to the falling rate of profit and overaccumulation in the core capitalist countries, was extensively analyzed and popularized by V. I. Lenin.

Lenin's major work on this topic is titled Imperialism, the Highest Stage of Capitalism, published in 1917. In this book, he argued that imperialism was not just a policy choice but an inevitable outcome of monopolistic finance capitalism. He described it as moribund (dying) capitalism because it intensifies the contradictions within capitalism and between capitalist powers, potentially leading to wars and revolutions.

Examining Other Options

  • Joseph Stalin: Stalin was Lenin's successor as the leader of the Soviet Union. While he built upon Leninist theory, this specific formulation regarding imperialism as the highest stage of capitalism is attributed to Lenin.
  • Karl Marx: Karl Marx laid the foundation for understanding capitalism and its inherent contradictions. However, he passed away before the full development of the era of finance capitalism and imperialism that Lenin analyzed. While Marx wrote about colonialism and capitalist expansion, the specific theory of imperialism as the highest stage was developed later, primarily by Lenin based on earlier works by thinkers like J.A. Hobson.
  • Georg Lukacs: Georg Lukacs was a Marxist philosopher and literary critic. His work focused more on consciousness, reification, and aesthetics within Marxist theory rather than developing the primary economic theory of imperialism itself.

Therefore, the statement 'Imperialism is the highest stage of capitalism' is definitively associated with V. I. Lenin and his analysis of early 20th-century capitalism.

Figure Key Association with Capitalism/Imperialism
V. I. Lenin Developed the theory of Imperialism as the highest stage of capitalism
Joseph Stalin Lenin's successor; built upon Leninist theory
Karl Marx Founder of Marxist theory; analyzed capitalism's fundamental dynamics
Georg Lukacs Marxist philosopher; focused on consciousness and culture

Conclusion on the Statement

Based on historical texts and Marxist theory, the author of the statement 'Imperialism is the highest stage of capitalism' is V. I. Lenin.

Revision Table: Key Concepts

Concept Description Associated Thinker
Capitalism Economic system based on private ownership and pursuit of profit. Karl Marx (critical analysis)
Imperialism (Leninist View) Highest, final stage of capitalism driven by monopolies, finance capital, and export of capital. V. I. Lenin
Proletarian Revolution Marxist concept of workers overthrowing capitalism. Karl Marx, V. I. Lenin

Additional Information: Lenin's Theory of Imperialism

Lenin's book Imperialism, the Highest Stage of Capitalism wasn't just a theoretical exercise; it was intended to explain why socialist revolution had not occurred in the most advanced capitalist countries as predicted by Marx. Lenin argued that the super-profits derived from imperialist exploitation allowed capitalist powers to bribe a section of their own working class (the "labour aristocracy"), thus dulling class conflict at home.

Key features of imperialism according to Lenin:

  • Concentration of production and capital leading to monopolies.
  • Merging of bank capital with industrial capital, creating finance capital and a financial oligarchy.
  • Export of capital becomes more important than export of goods.
  • Formation of international monopolist capitalist associations which share the world among themselves.
  • Territorial division of the world among the biggest capitalist powers is completed.

This theory significantly influenced 20th-century anti-colonial and anti-imperialist movements.

Was this answer helpful?

Important Questions from Polity

  1. In a recent judgement, the Supreme Court of India directed that every protected forest, national park and wildlife sanctuary across the country should have a mandatory eco-sensitive zone (ESZ) of a minimum of

  2. Which one of the following Directive Principles was inserted by the Constitution (42 nd Amendment) Act, 1976?

  3. A common High Court for two or more states can be established by:

  4. Which one among the following is not a Fundamental Right under the Constitution of India?

  5. The Central Vigilance Commission was established on the recommendation of which one of the following Committees?

Need Expert Advice?

Start Your Preparation with Prepp Mobile App

Download the app from Google Play & App Store
Download the app from Google Play & App Store
Prepp Mobile App