World War 1 and Imperialism
Thursday, July 17th, 2008Vladimir Lenin asserted that imperialism was responsible for the war. He drew upon the economic theories of Karl Marx and English economist John A. Hobson, who predicted that unlimited competition for expanding markets would lead to a global conflict. Lenin and others pointed out that the dominant economic position of Great Britain was threatened by the rapid rise of German industry; However, Germany did not have the commercial advantages of a major empire, and was therefore inevitably going to fight Britain for more economic space for German capital. This argument was popular in the wake of the war and assisted in the rise of Communism. Lenin argued that the banking interests of various capitalist-imperialist powers orchestrated the war.
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