Tagged: Imperialism

Joseph Schumpeter: State Imperialism and Capitalism (1919)

These are selected passages from an essay on the “Sociology of Imperialism” (1919) written by Joseph Schumpeter (1883-1950). For a short time, he was the Finance Minister of Austria in 1919, and later he became a Harvard professor of economics. He is famous for [easyazon_link identifier=”B00AWO0CYI” locale=”US” tag=”mainacademicsite-20″]Capitalism, Socialism and Democracy[/easyazon_link] (1942). Schumpeter’s analysis of imperialism contradicts the analysis of Lenin. Imperialism is not seen as the most advanced stage of capitalism but as the clear sign that pre-capitalistic (i.e. feudal) aspects survive in capitalism. This results from the subservience of the capitalists to state rulers from whom they ask for “protection...