Imperialism and World Economy by Nikolai Bukharin, V. I. Lenin
By Nikolai Bukharin, V. I. Lenin
Bukharin’s 1919 anticipation of the expansion of the internationalization of capital.
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Example text
7. Migration. 8. Movement 6. of capital (capital export) and its forms. 9. Participation (ACTIVITIES OF IN, AND financing OF, FOREIGN ENTERPRISES industrial ENTERPRISES AND BANKS). I. 2. Growth The growth of international economic connections, and con- sequently the growth of the system of production relations on a world-wide nections drawn scale, may grow may be of two kinds. International con- in scope, spreading over territories not yet into the vortex of capitalist life. In that case of the extensive growth of world economy.
Would show that England and France are in the lead. While the foreign banks of German origin numbered only 13 by the beginning of 1906 (with 100 million marks of capital, and 70 branch banks), England possessed by the end of 1910 36 colonial banks with branches in London, and with 3,358 local bureaus in the colonies, also 36 other banks in foreign counFrance, in 1904-5, possessed 18 tries with 2,091 branches. and foreign banks with 104 branches; Holland, 16 Individual banks of foreign banks with 68 branches, etc.
37S. 371 #. The rapid growth of the German banks deserves attention. There were only 4 of them by the end of the nineties, 6 in 1903, with 32 branch banks, and 13 in 1906, with 70 branch banks. IMPERIALISM ANI> WORLD ECONOMY 52 growing degree into one organised system. " They enjoy a more or less monopolistic ownership of the capitalist property of our times, and they are looked upon and classified, from the point of view of the movement of securities, as a specific expression of the capitalist property of our times.