The term as such primarily has been applied to Western political and economic dominance in the 19th and 20th centuries. Some writers, such as Edward Said, use the term more broadly to describe any system of domination and subordination organized with an imperial center and a periphery. According to Marxist theorist Vladimir Lenin, imperialism is a natural feature of a developed capitalist nation state as it matures into monopoly capitalism. In his work Imperialism, the Highest Stage of Capitalism, Lenin observed that as capitalism matured in the Western world, the economy shifted away from real commodity production towards banking and finance, as commodity production was outsourced to the empires' colonies. Lenin concluded that the competition between empires and the unfettered drive to maximise profit would lead to wars between the empires themselves, such as World War I in his contemporary time, as well as continued future military invasions and occupations in the
The term as such primarily has been applied to Western political and economic dominance in the 19th and 20th centuries. Some writers, such as Edward Said, use the term more broadly to describe any system of domination and subordination organized with an imperial center and a periphery. According to Marxist theorist Vladimir Lenin, imperialism is a natural feature of a developed capitalist nation state as it matures into monopoly capitalism. In his work Imperialism, the Highest Stage of Capitalism, Lenin observed that as capitalism matured in the Western world, the economy shifted away from real commodity production towards banking and finance, as commodity production was outsourced to the empires' colonies. Lenin concluded that the competition between empires and the unfettered drive to maximise profit would lead to wars between the empires themselves, such as World War I in his contemporary time, as well as continued future military invasions and occupations in the