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(1989) A history of Marxian economics I, Basingstoke, Palgrave Macmillan.

Imperialism and war

Bukharin and Lenin on monopoly capitalism, 1914–17

M. C. Howard , J. E. King

pp. 243-266

The outbreak of the First World War in August 1914 did not immediately bring a fundamental change in Lenin's analysis of capitalism, or in his view that Russian backwardness precluded anything other than a democratic revolution in that country. Although the nature of capitalism as a world system figured much more prominently in his work of the war years, most elements of his Imperialism,1 written in 1916, can be found in his pre-war writings,2 and he retained allegiance to his formula of the "democratic dictatorship" until the early months of 1917.3 Equally Plekhanov and the Mensheviks remained committed to their pre-war economic analysis and to an alliance with the liberal bourgeoisie. Trotsky alone introduced a significant change into his theory of permanent revolution, but as we have seen in Chapter 12 this reinforced rather than modified his previous conclusions.

Publication details

DOI: 10.1007/978-1-349-20112-9_13

Full citation:

Howard, M. C. , King, J. E. (1989). Imperialism and war: Bukharin and Lenin on monopoly capitalism, 1914–17, in A history of Marxian economics I, Basingstoke, Palgrave Macmillan, pp. 243-266.

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