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Imperialism: The Highest Stage of Capitalism - V.I. Lenin
Red Menace
The Evolution of Finance in Capitalism
In the evolution of capitalism, banks gain influence by sitting on industrial boards and controlling the direction of industries. The stock exchange becomes central to finance, shifting from trading goods to speculating on company shares. Lenin describes how banks develop an international focus, lending to other nations and creating an exploitative relationship. Finance starts shaping international relationships and leads to a new crisis in capitalism.
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