In 1902, journalist John A. Hobson published Imperialism: A Study. The book was among the first to connect the rise of finance capital with the growth of imperial expansion after 1870. Hobson’s theory would fast number among the most influential critiques of imperialism. Although Hobson himself was not a Marxist (he was a classical liberal), his theory would play a key role in shaping subsequent Marxist theories of imperialism, most notably that of V. I. Lenin.
In this Talking Empire podcast, Centre Director Richard Toye discusses Hobson’s Imperialism with Dr. Marc-William Palen.