Lenin didn’t define Imperialism as “competition between great powers,” just that that was a side effect of the division of most of the world among the Great Powers. The actual definition of Imperialism by Lenin’s analysis is better simplified as export of Capital to the Global South to hyper-exploit for super-profits, like what Coke for example does in Columbia. The reason multinational corporations produce in the Global South is because they can weild their power to keep wages low and profits higher by selling back in the Imperial Core.
Lenin didn’t define Imperialism as “competition between great powers,” just that that was a side effect of the division of most of the world among the Great Powers. The actual definition of Imperialism by Lenin’s analysis is better simplified as export of Capital to the Global South to hyper-exploit for super-profits, like what Coke for example does in Columbia. The reason multinational corporations produce in the Global South is because they can weild their power to keep wages low and profits higher by selling back in the Imperial Core.