Symposium I'Imperialism is dynastic politics under a new name, carried on for the benefit of absentee owners instead of absentee princes,' argues Thorstein Veblen (Veblen, 1997(Veblen, [1923. This critique of imperialism is the electric current that charges Veblen's understanding of capitalism, from some of his earliest publications to his final book. Already, in the last pages of his early masterwork, The Theory of Business Enterprise, he offers a diagnosis of America's abiding pathology:The quest for profits leads to a predatory national policy. The resulting large fortunes call for a massive government apparatus to secure accumulations, on the one hand, and for large and conspicuous opportunities to spend the resulting income, on the other; which means a militant, coercive home administration and something in the way of an imperial court life -a dynastic fountain of honor and a courtly bureau of ceremonial amenities. Such an idea is … a sound business proposition. (Veblen, 1988(Veblen, [1904 While in the writings of his contemporary, the heterodox critic of traditional economics Joseph Schumpeter (1991), imperialism is simply a hold-over from an earlier form of social and economic life, for Veblen both imperialism and its 'concomitant coercive police surveillance' apparatus within the imperial nation (1988[1904]: 398)