John A. Hobson
John Atkinson Hobson (1858–1940) grew up during an economic depression in England that ultimately shifted his intellectual interests from literature to economics. One of his major contributions is the theory of under-consumption, which argues that low consumer demand and high supply of goods will lead to a sluggish economy. Hobson also held that imperialism could be stripped down to economic interests by the mother country: it was no more than a search for new capitalist markets. This selection explores Hobson’s observed relationships among economy, international struggle, imperialism, and nationalism.
From John A. Hobson, Imperialism and the Lower Races. New York: James Pott and Co., 1902, part II, chapter IV.
Simón Bolívar (1783–1830) is known as “the Liberator” of South America from Spanish colonial rule. “The Jamaican Letter” (1815) is one of his earliest and most important political essays on the course of South American independence. It was written during his self-imposed exile in Jamaica (then a British colony) after a major military defeat in Venezuela. Historians are uncertain to whom the letter was addressed, but they speculate that the recipient was the English governor of the island. The letter affirms Bolívar’s unfailing dedication to the cause of independence and the ideals of liberty and freedom. But Bolívar also reveals his anti-liberal, authoritarian leanings. Believing that the masses lacked the experience and “virtue” for a democracy, Bolívar advocated an oligarchic government with power concentrated in the hands of a strong, paternal executive and a hereditary legislature.
Simón Bolívar, “Reply of a South American to a Gentleman of this Island [Jamaica],” in Selected Writings of Bolívar,Vol. 1 (1810–1822), ed. Harold Bierck; compiled by Vincente Lecuna; transl. Lewis Bertrand. New York: Colonial Press (1951): 103–22.