Near the peak of capitalism?

Discussion in 'Economics' started by cgtrader, Mar 20, 2007.

  1. Wrong, lenin
     
    #21     Mar 22, 2007

  2. They tear down and rebuild the new latest and greatest.

    BTW, Glad I dont live near you. Sounds like an urban nightmare.
     
    #22     Mar 22, 2007
  3. stocktrader are you referring to leninism??

    "One of the central concepts of Leninism is the view that imperialism is the highest stage of the capitalist economic system. Lenin developed a theory of imperialism aimed to improve and update Marx's work by explaining a phenomenon which Marx predicted: the shift of capitalism towards becoming a global system (hence the slogan "Workers of the world, unite!"). At the core of this theory of imperialism lies the idea that advanced capitalist industrial nations increasingly come to export capital to captive colonial countries. They then exploit those colonies for their resources and investment opportunities. This superexploitation of poorer countries allows the advanced capitalist industrial nations to keep at least some of their own workers content, by providing them with slightly higher living standards."

    I had never come across this term before, now I read...
     
    #23     Mar 23, 2007