“The transformation of numerous intermediaries into a handful of monopolists represents one of the fundamental processes in the transformation of capitalism into capitalist imperialism.”

— Vladimir Lenin

Source: Imperialism, The Highest Stage of Capitalism (1917), Chapter Two

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Vladimir Lenin 336

Russian politician, led the October Revolution 1870–1924

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Source: Imperialism, The Highest Stage of Capitalism (1917), Chapter Two

“We must now try to sum up, to draw together the threads of what has been said above on the subject of imperialism. Imperialism emerged as the development and direct continuation of the fundamental characteristics of capitalism in general. But capitalism only became capitalist imperialism at a definite and very high stage of its development, when certain of its fundamental characteristics began to change into their opposites, when the features of the epoch of transition from capitalism to a higher social and economic system had taken shape and revealed themselves in all spheres. Economically, the main thing in this process is the displacement of capitalist free competition by capitalist monopoly.”

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“This transformation of competition into monopoly is one of the most important—if not the most important—phenomena of modern capitalist economy”

Vladimir Lenin (1870–1924) Russian politician, led the October Revolution

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“The transformation of numerous intermediaries into a handful of monopolists represents one of the fundamental processes in the transformation of capitalism into capitalist imperialism.”

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Vladimir Lenin 336

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