Day: 8 February 2021
Where Leninists go wrong
From the Summer 1986 issue of the World Socialist The whole Leninist theory of imperialism turns on two or three major concepts: the twin notions of super-profits and super-exploitation, monopoly (denned in a strictly legal sense) and investment strategy. In Imperialism: The Highest Stage of Capitalism (1916), Lenin pretended to have discovered an ultimate and final stage of capitalism, and…