However, in that autobiography Hobson did confess that he now thought that the emphasis on economic causation in Imperialism: A Study was overdone an… - P. J. Cain

The Chinese economy would be brutally transformed into the mightiest manufacturing nation based on western capital and on an abundance of cheap, highly submissive labour.

In 1938 and at the age of eighty, Hobson decided to republish Imperialism: A Study. By the late 1930s, public opinion was becoming much more critical of empire and imperialism: one prominent imperial historian of the time, W. K. Hancock, wrote that 'to...an increasing proportion of the ordinary public the "imperialist" is a robber and a bully'. Under growing Marxist influence there was also an increasing tendency to offer economic interpretations of imperial expansion and control. Encouraged by these trends and convinced that the looming conflict between Britain and France on the one side, and Germany, Italy and Japan on the other, was basically an attempt to re-divide the imperial spoils, Hobson decided that his ancient text was worth reprinting. But in republishing it, and despite adding a long preface, Hobson gave no indication that he had ever held different views.

He came back to England convinced that Rhodes and his fellow mining capitalists had engineered the war in order to removed the leaders of the Boer republics who stood in the way of the rationalisation of the black labour supply in the gold mines."