Could imperialism be an economic effect of Industrialization in the 19th century?

[Naz F]

Imperialism is a direct consequence of the "contradiction of capitalism"---To explain what that 'contradiction' is: Capitalism always tries to maximize profits, by driving down wages, and paying the least possible for raw materials. But by driving down wages, you get a situation where workers can't afford to buy the products they themselves have made...To make up for this 'contradiction', some countries go out and conquer new lands; to get cheap labor, and cheap raw materials.

Industrialization has been the cause of Imperialism not just in the 19th century, but also in the Imperialism of Japan around ww2 (creating the Co-Prosperity Sphere), Hitler's attempt to conquer Russia, and the most recent Gulf War.