The book was called Imperialism ; it was a devastating volume. For here was the most important and searing criticism which had ever been levied against the profit system. The worst that Marx had claimed was that the system would destroy itself; what Hobson suggested was that it might destroy the world.
By 1910-14, Hobson had drifted far from the arguments of Imperialism: A Study and was now writing of imperialism as a phase in the extension of a benign, global capitalist network and one that would eventually lead to an economic convergence between the developed and underdeveloped worlds, to world peace and eventually to some form of world government.
However, in that autobiography Hobson did confess that he now thought that the emphasis on economic causation in Imperialism: A Study was overdone and that more emphasis should have been placed on the 'lust for power' with economic gains seen as a means of exercising power rather an end in themselves.
In tropical Africa, on the other hand, Hobson talked of 'lower races' who could only progress under western leadership