Capitalism : The Highest Stage Of Capitalism

1538 Words7 Pages
Since Vladimir Lenin was a Marxist and socialist he was opposed to global capitalism, and his book of Imperialism: The Highest Stage of Capitalism points out some of his main arguments regarding the capitalism as a whole. He regarded World War 1 as an imperialist war, caused by pressures that arose from an immediate development of several European empires. The central nations of capitalism participated to expand their exploitative sphere, which led to the conflict of interests and eventually produced the Great War . Although in Imperialism: The Highest Stage of Capitalism, Lenin characterized capitalism as a source of gaining the great profit, a closer reading of his narrative suggest that capitalism leads to a class exploitation by maximization of power, and total control of the economic system. The key to understanding the effect of capitalism and the power control can be seen in Lenin’s concentration of production and monopolies, which he described in his book. He believed that monopoly was a switch from capitalism to a higher system, and based on Marx’s law of concentration the market supremacy in capitalism belongs to a few cartels, syndicate and trusts, and emerging capital of banks that handle the thousands of millions. In addition to this, cartels, syndicates and trusts divide among themselves the whole internal market of a particular country, and enact their control that gives them a various power over the society and whole system. And concentration goes further
Open Document