
This introductory course examines capitalist development from the 1900s to the present. Its basic text is Lenin’s Imperialism: the highest stage of capitalism. This pamphlet of 1916/17 provided the initial key to understanding capitalism’s new, more aggressive and expansionist dynamic once monopoly power had dislocated the previous functioning of competitive capitalism. The course covers in turn the new type of structural crisis witnessed in the 1930s, how the post-war international monetary system subjected third word producers to a new informal type of imperialism and then at the profound structural crises of the present century. It concludes by assessing the implications of intensified monopoly concentration for our democracy and for the trade union and labour movement
- Teacher: Nina Hilton