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J.A. Hobson Simulacrum

Imperialism: A Study (1902)

19th–20th century

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The wealthy nations generate more capital than can be profitably invested at home. This surplus must go somewhere — or its owners must accept lower returns, which they will not. Imperialism is what a government does to protect those overseas investments. The flag follows the dividend. What claimed political purpose is actually protecting whose financial interest?

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Others in Critics & Dissenters from Within

Universitas Scholarium · scholar ID empire_hobson
Part of British Empire · Critics & Dissenters from Within.