Question
Download Solution PDF'Imperialism is the extreme limit of capitalism' - whose idea is this?
This question was previously asked in
Bihar STET PGT (Political Science) Official Paper-II (Held On: 13 Sept, 2023 Shift 1)
Answer (Detailed Solution Below)
Option 2 : V. Lenin
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Bihar STET Paper 1 Mathematics Full Test 1
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Detailed Solution
Download Solution PDFThe correct answer is V. Lenin.
Key Points
- 'Imperialism is the extreme limit of capitalism' is the idea of Vladimir Lenin.
- In 1917, Lenin in his work Imperialism, he explained the idea the idea of imperialism in terms of Capitalism.
- Lenin argued that imperialism was so deeply ingrained in the structure and routine operation of modern capitalism, that, only the revolutionary overthrow of capitalism.
- He further argued that the replacement of Socialism could free the world of imperialism.
- Lenin contends that capital concentration causes overproduction and excess capital, which is subsequently transferred to less developed nations in an effort to increase profits.
- The result of this capital export will led to imperialism.
Additional Information
- Vladimir Ilyich Ulyanov better known by his alias Lenin, was a Russian revolutionary, politician, and political theorist.
- He served as the head of government of Soviet Russia from 1917 to 1924 and of the Soviet Union from 1922 to 1924.
- Lenin's ideas became known as Leninism.
- Lenin wanted an end to World War I in Russia, he signed the Treaty of Brest-Litovsk with Germany in February 1918.
- He formulated New Economic Policy in Russia.
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