Assignment:
In his famous book, Imperialism: The Highest Stage of Capitalism, Lenin argued that the maturation of capitalism by the eve of World War I created a new set of social dynamics within the developed world. Moreover, he believed these developments within the advanced capitalist world alter the relationship between the advanced capitalist powers and the developing world. Explain each of the five features that Lenin believed characterized this latest stage of capitalist development. Why was he convinced that this latest stage of capitalist development might lead to wars, depressions, and revolutions? Explain.
What parts of Lenin's analysis do you think Keynes would reject? Explain.
Has to be at least 3 to 4 pages
Readings:
Imperialism, the Highest Stage of Capitalism
By V.I. Lenin