Imperialism

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J. A. Hobson's critical treatise on the practice of imperialism - whereby countries acquire territories for economic gain - is a classic in its field. This edition includes all of the author's original charts and illustrations.Published at the opening of the 20th century, while colonial imperialism still held decisive sway as a political and social practice, Hobson's treatise caused shockwaves in economics for its condemnation of a procedure long considered irreproachable. While Hobson acknowledges that imperialism is often supported by a sense of nationalistic pride and achievement - as with the British Empire's colonial imperialism - he identifies capitalist oligarchy as the true motivation behind imperialistic ventures. Owners of productive capital, such as factories, generate a large surplus which they desire to reinvest in further factories, this prompts imperialist expansion into foreign lands.