Thursday, June 2, 2011

John A. Hobson - Imperialism is Unfathomable

John A. Hobson (1853-1940), English economist, famous in criticise the economy system heading to imperialism during his time. He critic that the capitalism will lead to imperialism, whereby a tendency that necessarily involved foreign commercial conquest and that thereby inescapably involved a constant risk of war. There are and were no more profound moral indictment of capitalism had ever been posed in such matter.


The criticism even emphasize the system will destroy the world, since the thrust and desire of human himself cannot consume enough goods. In his quote :" Paradoxically, neither the rich nor the poor could consume enough, all products produced were not be consumed, simply because the rich can't consume enough as the physical limitation, and the poor cannot consume enough as of wealth limitation, yet both rich and poor will continue to reap resource from own nation and perhaps other nation, and the world."


"what our industries lack...is more and more markets"


The sequence of capitalism will follow by its capstone and pinnacle, to conquest (imperialism) end by war!


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