Pakistan, March 21 -- There was an earlier discussion on the role of finance capital in the context of industrialisation in Pakistan. We considered it worthwhile to revisit the finance capital in the larger discourse on imperialism by referring to some literature (Gronow 2016, Lorimer Resistance Books 1999, www.massline.org) in this article.
Lenin by building up on Marx's work has called imperialism as "the highest and last stage of the development of capitalism". Lenin in his publications between 1895 and 1913, described in detail the characteristics of the imperial order. There is struggle between the rival European powers to divide up the world market for extraction of profits. There is rise of monopolistic cartels and trusts in imperia...