An Early Twentieth Century Reaction to Colonialism

Required Reading: John A. Hobson, Imperialism—A Study (1902)
https://www.marxists.org/archive/hobson/1902/imperialism/index.htm
– Read Preface, Introductory and all of Part I, The Economics of Imperialism.

John A. Hobson argued against hegemonic political and economic integration. According to Hobson, while an argument could be made for establishing
colonial presences in the New World, it was not easy to make the same case for imperialism, i.e., not establishing a strong presence of overseas settlers
from the Mother Country, but instead focusing largely on the export of capital from the developing world to the more industrialized economies such as
Great Britain.

Question
1. What is your view is Hobson correct and what is he correct about? – 1 page + its Reference
2. Submit a one to two page summary/reflection of the assigned Hobson reading – 1 page + its Reference