Imperialism is capitalism in that stage of development in which the domination of monopolies and finance capital has established itself; in which the export of capital has acquired pronounced importance; in which the division of the world among the international trusts has begun; in which the partition of all the territories of the globe among the great capitalist powers has been completed.

Monopolies, oligarchy, the striving for domination and not for freedom, the exploitation of an increasing number of small or weak nations by a handful of the richest or most powerful nations — all these have given birth to those distinctive characteristics of imperialism which compel us to define it as parasitic or decaying capitalism.

Imperialism is itself a phase of capitalist development in which Western European capitalist countries, the U.S.A., and Japan established political, economic, military, and cultural hegemony over other parts of the world which were initially at a lower level and therefore could not resist domination. Imperialism was in effect the extended capitalist system, which for many years embraced the whole world—one part being the exploiters and the other the exploited, one part being dominated and the other acting as overlords, one part making policy and the other being dependent.

Imperialism is the epoch of finance capital and of monopolies, which introduce everywhere the striving for domination, not for freedom. Whatever the political system, the result of these tendencies is everywhere reaction and an extreme intensification of antagonisms in this field. Particularly intensified become the yoke of national oppression and the striving for annexations, i.e., the violation of national independence (for annexation is nothing but the violation of the right of nations to self-determination).

That's what imperialism is all about when one country controls the economic life of another country.

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.

Imperialism is an institution under which one nation asserts the right to seize the land or at least to control the government or resources of another people. It is an assertion of stark, bold aggression.

Modern globalism is the highest form of imperialism. The onslaught of capital on workers’ rights is mounting fast. Imperialism is becoming more aggressive in the world and the threat of a new large-scale war is growing. The financial and economic crisis is worsening with each new wave being more grievous and painful. One side effect of the crisis is the groundswell of nationalist and separatist sentiments in contemporary Europe.

Fuelled by new forms of science and technology, military expansion, and aggressive colonization of southern nations and the developing world, capitalism evolved into a truly global system. Global capital is inspired by neoliberal visions of nations as resource pools and open markets operating without restrictions. The process euphemistically termed "globalization" is driven by multinational corporations such as and ; financed by financial goliaths such as the and the (IMF), and legally protected by the World Trade Organization (WTO). It homogenizes nations into a single economic organism and trading bloc through arrangements such as the (NAFTA), the (FTAA), and the European Union (EU). Multinationals seduce, bribe, and coerce nations to open their markets and help drive down labor costs to a bare minimum, and rely heavily on corrupt dictators, loans and debt, and “hit men” and armies to enforce the rule of their “structural transformations” of societies into conduits for the flow of resources and capital. Globalization has produced trade laws that protect transnational corporations at the expense of human life, biodiversity, and the environment. It is accompanied by computerization of all facets of production and expanding automation, generating heightened , corporate downsizing, and greater levels of unemployment, inequality, insecurity, and violence.

The word Imperialism still has to many people in this country a rather sinister meaning. They associate it—wrongly in my view and in your view—the idea of exploitation, of riding roughshod over the world, of jingoism and of selfishness in public policy. It was not that to Lord Milner, and it is not that to us. It is rather this—the spreading throughout such parts of the world as we control, or in which we have influence, of all those ideas of law, order, and justice which we believe to be peculiar to our own race. It is to help people who belong to a backward civilisation, wisely to raise them in the scale of civilisation—an extraordinarily difficult task, and one which needs wisdom for its consummation. There is no country in the world upon whom that task has been imposed to the same degree as our own country, and it is undoubtedly by the way in which we fulfil that task that we shall be judged at the bar of history, not perhaps to-day, but by those who come after us of our own blood.

We must bear in mind that imperialism is a world system, the last stage of capitalism — and it must be defeated in a world confrontation. The strategic end of this struggle should be the destruction of imperialism. Our share, the responsibility of the exploited and underdeveloped of the world is to eliminate the foundations of imperialism: our oppressed nations, from where they extract capitals, raw materials, technicians and cheap labor, and to which they export new capitals — instruments of domination — arms and all kinds of articles; thus submerging us in an absolute dependence.

Imperialism - the era of bank capital, the era of gigantic capitalist monopolies, the era of the transformation of monopoly capitalism into state-monopoly capitalism - has particularly witnessed an unprecedented strengthening of the "state machine" and an unprecedented growth of its bureaucratic and military apparatus, in connection with the increase in repressive measures against the proletariat in the monarchical as well as in the freest republican countries.

As long as imperialism exists it will, by definition, exert its domination over other countries. Today that domination is called neocolonialism.

Imperialism has a meaning. When the United States supports Saudi Arabia, it’s not imperialism, even though it’s supporting a brutal and harsh government. When the United States supports Israel, it’s not imperialism, even though it’s carrying out atrocities. When Russia supports Damascus, it’s not imperialism. [when asked whether “sections of the left” were “guilty of only resisting US imperialism, but not Russian imperialism in the Middle East, in Ukraine, and elsewhere”]