Difference between revisions of "Economics"
(kinda naff but im not an economist lol. i wanna become a historian)
Latest revision as of 02:54, 11 January 2020
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"In Marxist theory, the inevitable fall in the rate of profit would lead to a fundamental crisis in capitalism and then to revolution; but in the fully developed Marxist-Leninist theory, late 19th-century European capitalism sought to avoid this problem of falling profits and to avoid its inevitable fate and destruction, by seeking new and overseas sources of economic exploitation: in essence by exporting capital abroad. According to this Marxist-Leninist viewpoint, fully mature industrial capitalism was necessarily forced to export more and more capital; and the export of capital to underdeveloped regions was itself, ipso facto, a form of Imperialism, with or without outright political and military control of such regions receiving these capital exports."  - Prof. John H. Munro