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Similarities Between Hobson And Lenin

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Similarities Between Hobson And Lenin
There are some similarities between Hobson and Lenin works on capitalist imperialism. Lenin started by focusing on the massive industrial concentration that had happened in all industrialized capitalist countries in the late 19th and early 20th century. Subsequently, he presented the statistics and descriptive data and accounts of the emerging of monopolies, oligopolies, cartels, and trusts in the capitalist countries (Hunt & Lautzenheiser, 2011). Similar to Hobson, Lenin highlights the importance of banks and finance capital in contributing to the emerging of capitalist imperialism.
Lenin believed that the banking or financial sector is responsible to take care of the interests of all the capitalists. The control of finance capital over industrial
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