In 1939 Vladimir Lenin published a small book titled "Imperialism: The Highest Stage of Capitalism". What is interesting about this little book is that it proposed a solution to a problem in Marxist theory. That problem was the fact that the major Capitalist economies of Europe and North America had not fallen to revolutions of the proletariat as anticipated by Marx's analysis. Critics of Marxism were crowing about this, claiming that history was proving Marx wrong.
Lenin's analysis was actually quite convincing. He observed that the system of imperialism in which all of the Western economies were engaged systematically relieved the tension between a potential proletariat and the capitalists. How? Very simply, imperialism provides a mechanism for exporting the proletariat class to the underdeveloped world and allows the formation of a comfortable middle class in the Western world. Since the needs of the middle class are reasonably satisfied, there is no motivation for revolt against the system. Meanwhile, the impoverished proletariat class lives far away in countries that are invariably controlled by militarist dictatorships maintained in place by Western powers. The revolution of the proletariat is rendered impossible and Capitalism has reached its highest stage.
However, after the Second World War, which was really a war for territory fought by the imperialists, the whole colonial and imperialist division of the world began to fall apart. India, Indochina, to name only a couple cases. What is even more interesting is the present trend in the United States. The movement that we like to call "globalization" is a different way of ending imperialism, but it is destined to have similar affects. In the US today we have large corporations moving their operations off-shore and into faraway places where labor and resources are cheep. As a consequence, the American middle class is losing any hope of maintaining itself. Either employment is simply not there anymore or wages are forced to compete with laborers in the underdeveloped world. If this phenomenon continues in its present direction --- and I have every expectation that it will --- we are moving back into the situation of Capitalism as Marx's analysis originally had it. That is, we are rapidly moving toward an American society in which a tiny percent of people (Capitalists) have enormous wealth and power and the huge majority of people (Proletariat) have nothing but a flimsy hold on day-to-day survival. In other words, without imperialism to save the system, we are headed back directly into the experiment that Marx predicted. Will the American proletariat ultimately revolt and overthrow the Capitalist system?
It is hard to tell. You'd like to think that people don't really like to have their noses rubbed in the dirt for very long. But, on the other hand, a massive number of Americans continue to vote for Republicans who, after all, are the very ones who turn around and rub their noses further into the dirt. Go figure!
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