John A. Hobson

John A. Hobson was a British economist and social theorist known for his critique of imperialism and analysis of economic inequality. In the early 20th century, he argued that economic imbalances, such as overproduction and unequal wealth distribution, drove nations to seek overseas colonies and markets, fueling imperial expansion. Hobson believed that wealth concentrated among the rich limited overall economic growth and contributed to societal inequalities. His ideas influenced later thinkers and policymakers, highlighting the connection between economic disparity and international conflicts. Overall, Hobson emphasized the importance of fair wealth distribution for social stability and peace.