Author: The author is John Hobson, a classically educated English economist. Throughout his life, Hobson became known as a critic of Imperialism, to a point where people began to frown upon how open his criticisms were.
Context: This piece was written in 1902, at a time where the British economic system was experiencing a stark downturn. They were no longer the clear superpower in the world, with countries such as the United States and Germany steadily gaining economic and military strength.
Language: The language used is very complex in structure and in tense – the reader can tell that it was composed by an educated author. His writing mentions economics on a wide scale, but it still easy enough to read if you don’t posses an economic back ground.
Audience: The intended audience is that of a rich, educated populace – people who know what they are reading and have the ability to do something with their newly acquired knowledge.
Intent: To show how imperialism has destroyed the economic system of England. He explains how it has caused overproduction and underconsumption, therefore leading to a inefficient method of production. He wants to educate people on how a good economic system works – it isn’t necessarily all about cheap goods, there has to be a sustainable demand for those goods as well.
Message: Nationalism should take over as the prevailing foreign policy of the nation. If the country is more inward based, it would spur on national production and make for a more autonomous (and productive) people.