Theory of Hobson-Lenin describes imperialism, world wars and regional conflicts as long-term international consequences of imbalanced distribution of income in the developed countries. Capitalism is characterized as a state where the rich get richer as the poor become poorer; in addition, imperialism is the highest level of capitalism. The scholar addresses a vital ideology that has affected the world today. Lenin believed in the power of proletarian revolution in transforming imperialism’s capitalism into a socialist state. Hobson believed that, through mitigation of monopolization effects and trade unions, the imperialist capitalism could be eventually transformed into a socialist state. Hobson and Lenin believed that imperialism could be adequately dealt with by having more outlets and influence from non-capitalist areas. According to their theory, imperialism occurs due to excess capital in the home market.
The theory is true. This can be justified by various factors. High prices of finished products in developed nations confirm the concept. Workers get low income; thus, they cannot afford to buy products from their local industries. The today’s world is characterized by mass unemployment and political instability. This is because capitalists in developed countries use armed forces to secure the sale of surplus goods, invest and obtain raw materials at cheap prices. Most public firms are privatized, hence causing lack of jobs. The results include mass demonstrations and revolutions that cause regional conflicts.
According to the views of Chirot, Hobson- Lenin theory is treated as natural law and belief system. Naturally, truth is valued by the correspondence between prevailing economic conditions and political consequences. As a belief system, people believe something if it is so in its consequences. These two arguments validate the theory which states that wars and imperialism originated from improper income balance.
Marx’s proletarian revolution stipulates that the working class should overthrow capitalists. He believes that it is time for the socialists, communists and anarchists to unite and liberate themselves from the oppression of the rich. In his view, this should happen in all capitalist countries. Other scholars argue that the principle is right but should be decentralized to minimize dictatorship by the working class. However, this has been prevented in western nations by exporting exploitation to other countries. We analyze the statement through discussion concerning Bolivia and Jamaica.
Capitalism is a fact in Bolivia as explained by Dungl. The nation faces serious exploitation from the USA. Natural resources like tin, water and gas are privately owned by the elites who export the products to America. Movements have been formed to fight the vice, though the problem has never been solved completely. For example, the Naturalists Revolutionary Movement helped in the restoration of tin industry to the public. In this regard, the working class has been hindered to champion the thought of Marx due to export exploitation.
Jamaica is also suffering from capitalism. Wealth is in the hands of hundreds while billions suffer in poverty. Minerals like oil are exported by the rich as the government tries to appease their foreign masters. Besides, the Chinese have power over work force in the country. The nation has the largest rate of unemployment in the world. Rate of crime has increased because the public view police as cronies of the selfish administration. Once again Marx’s view is suppressed because workers are not able to overthrow the capitalists. This is due to external influence in Jamaica.
In conclusion, the theory of Hobson-Lenin is true based on the facts stated. At the same time, Marx’s proletarian revolution has been hindered by exports of resources to other countries, especially in Bolivia and Jamaica.