According to Lenin, the new imperialism emphasised the transition of capitalism from free trade to a stage of monopoly capitalism to finance capital. He states it is, "connected with the intensification of the struggle for the partition of the world". As free trade thrives on exports of commodities, monopoly capitalism thrived on the export of capital amassed by profits from banks and industry. This, to Lenin, was the highest stage of capitalism. He goes on to state that this form of capitalism was doomed for war between the capitalists and the exploited nations with the former inevitably losing. War is stated to be the consequence of imperialism. As a continuation of this thought G.N. Uzoigwe states, "But it is now clear from more serious investigations of African history in this period that imperialism was essentially economic in its fundamental impulses."