Hobsbawm's Marxism reflected in this passage by mentioning the exploitation of Labor, and antagonizing the small entrepreneur.
Eric Hobsbawm's Marxism:
Marxism as according to Lenin is the experience of the working class in its struggle for socialism.
Hobsbawm sought to modernize Marxism, by an attempt to propose a dialectical materialist methodology for the study of working-class mobilization.
In the given paragraph from the Age of Revolution, as according to the historians he explained the deepening crises faced in the earlier nineteenth century in terms the rate of profit to decline, an analysis predicated on the labour theory of value.
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