Hobson's Imperialism And The Desperate Uncle Sam As Naked As Ever

Countercurrents
March 29, 2006

John Atkinson Hobson (1858-1940) was an 'economist' who conceptualised modern imperialism for the first time. Though never formally accepted in academia, he could never be ignored, as he overwhelmed the discipline of economics by writing vociferously and touching every field of economic analysis. Although never consistent in his own political conviction, he influenced many diehard revolutionary internationalists and radical pacifists before, during and after the World War I. He is better known as a precursor to the Marxist interpreters of economic internationalisation, finance capital and European politics, despite his avowed liberalism. It is in line with this fact that we generally see him as an economist, giving 'objective' analyses of economic processes leading to the world war.

However, any cursory reading of his classic work, 'Imperialism: A Study' (1902) shows that he was far more than an 'objectivist'. The tenor in his work on imperialism makes him a great persuader against the imperialist motivation of the British state, its policy of colonisation and militarism, and the interest groups driving these policies. The economic analysis is simply a part of this overall project. Even if his economic analysis runs out of gas in the changed circumstances today, and seems to be timed without much contemporary relevance, his powerful indictment of jingoism, militarism and "economic parasites of imperialism" makes him immortal.

Hobson photographs the whole imperial machine instituted by finance capital vividly where we find philanthropists, media and politicians complementing the military's work. He notes the blurring of nationalism/patriotism and expansionism. His description in this regard vividly captures even the post-Cold War imperialist rage today.

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