A Critique of Imperialism

Ernest_William_Hobson_DMD1920

John Hobson argued that the capitalist market drove the imperialistic trend of the late 1800s, as opposed to nationalism.1 Much like colonialism, imperialism is a policy that allows for one country to take control over another, generally by military force. Hobson was writing Imperialism in London just after the Long Depression, one of the worst recessions in history. The depression affected economies worldwide; however, England took the hardest hit. Being in the midst of all the economic failure around him must have prompted Hobson to criticize imperialism.Read the rest here