ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Towards a Correct Reading of Lenin s Theory of Imperialism

Theory of Imperialism Amiya Kumar Bagchi Lenin's has been the most authoritative of all the theories put foruxird so fur to explain the phenomenon of imperialism. For the same reason, it has been subjected to the greatest amount of sniping by both enemies and misguided adherents of Marxism, Lenin set out to do two things at the same time: he outlined the general problematic of explanation of potential or actual armed conflicts in the phase of monopoly capital, and at the same time he applied his theoretical framework to explain the First World War, the particular conflagration which set the background for the October Revolution. Lenin provided the axioms and relations which would demonstrate that capitalism in the phase of monopoly capital was globally unstable as an inter-national Mate system, and he imposed particular restrictions on those relations to show how the First World War came about.

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