More properly, capitalist imperialism, this term is used in the modern sense to denote the formation of large blocks of monopoly capital and the exhaustion of the capacity of a country’s domestic market which drives that capital to seek expanded markets and investments in other countries. The period of imperialism is typified by the dividing up of the entire world into “zones of influence” by the imperialist powers; inter-imperialist war results, as the only way for an imperialist power to expand its market and thus prevent a crisis of overproduction is to re-divide the world and claim new territory.
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