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| Topic: |
History
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| Number of pages / Number of words: |
12 / 3305 |
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But where the imperialists considered this process a commercial policy, Lenin deemed it a historical necessity, a particular phase of capitalism, when financial interests controlled industry and were helpless to do anything but place their gold overseas, if they did not want an overwhelming glut.
The distinctions between the two economic approaches to imperialism may seem highly refined at first glance...
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Yet what the imperialists were urging as policy--a conscious state decision to better the society's economy--Lenin was analyzing as part of an unavoidable, necessary, or fated historical process; for him it was not policy, but inevitability: it could not be reversed or changed, and beyond this "highest" stage lay the necessary fall of the entire capitalist system...
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