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Charles Brown wrote:
>CB: Glad you are applying Lenin. Must have been a good conference.
Well it made me re-read Imperialism after a gap of about 10 years,
and I was struck by how frequently wrong it is. If that's what you
mean.
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CB: Gee, so many facts reported about the world today seem to fit very well with the
basic thesis. Which of the following aspects do you find wrong:
(1) the concentration of production and capital has developed to such a high stage
that it has created monopolies which play a decisive role in economic life; (2) the
merging of bank capital with industrial capital, and the creation, on the basis of
this "finance capital", of a financial oligarchy; (3) the export of capital as
distinguished from the export of commodities acquires exceptional importance; (4) the
formation of international monopolist capitalist associations which share the world
among themselves, and (5) the territorial division of the whole world among the
biggest capitalist powers is completed. Imperialism is capitalism at that stage of
development at which the dominance of monopolies and finance capital is established;
in which the export of capital has acquired pronounced importance; in which the
division of the world among the international trusts has begun, in which the division
of all territories of the globe among the biggest capitalist powers has been c!
ompleted.