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

[P.O.U.M.]

Imperialism is an advanced stage of capitalism, and was attained by some nations in the 20th-century. Those nations, like the United States, Britain, France, who were industrialised became the leading imperialist powers in the world at the time (19th/20th century). The epoch of imperialism opens when the expansion of colonialism has covered the globe and no new colonies can be acquired by the great powers except by taking them from each other, and the concentration of capital has grown to a point where finance capital becomes dominant over industrial capital.

The surplus capital of these corporations, which arose from the exploitation of Labour, is exported to less developed countries where capital is more scarce, the price of land lower, wages lower, and raw materials cheaper; all resulting in a widening of profit margins. Capitalists need to export capital because in the most developed countries capitalism has become "overripe", the working class consciousness too advanced for heavy exploitation (i.e. huge profit margins), and while finance capital has a breeding ground for growth, productive capital (computer and clothing factories, etc) can be much more profitable elsewhere.

Thus, the history of capitalism generally begins with free competition; (i.e. petty-bourgeois production), which naturally progresses to a concentration of production (bourgeois production), which continually strive towards monopolies (socialized production). Monopolies, being so contrary to the foundations of capitalism, are the greatest contradiction of capitalism, a contradiction rampant in the imperialist stage – for every business not only strives toward, but needs to dominate markets completely, to become a monopoly, while government must do everything it can to prevent this in order to survive, realising this social form of production ultimately destroys the capitalist system.